The Economy Gets The Last Word…For Now

Posted: November 24, 2008 in Economy

Obama may delay tax-cut rollback for wealthy

By Randall Mikkelsen

WASHINGTON (Reuters) – President-elect Barack Obama may consider delaying a campaign promise – to roll back tax cuts on high-income Americans – as part of his economic recovery strategy, two aides said on Sunday.

David Axelrod, the Obama campaign strategist who was chosen to be a senior White House adviser, was asked if the tax cuts could be allowed to expire on schedule after tax year 2010 rather than being rolled back by legislation earlier. “Those considerations will be made,” he said on “Fox News Sunday.”

Bill Daley, an adviser to Obama and commerce secretary under former President Bill Clinton, said on NBC’s “Meet the Press” that the 2010 scenario “looks more likely than not.” (more…)

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Comments
  1. If it would hurt next year; wouldn’t it hurt any year?

  2. Jen says:

    EXACTLY. That seems to escape most people’s logic.

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