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View Diary: Obama Wants To Cut Taxes For The Rich. (127 comments)

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  •  Your big assumption (3+ / 0-)
    Recommended by:
    jpmassar, laker, Deep Texan

    is that Obama is suggesting that the tax rates for the wealthy are what they would have been from the Clinton era, when this may not literally be what he meant.  More clarification from the administration is what is needed.  In the end, I'd like to see the rates on the wealthy raised back to what they were in 1980, but it ain't gonna happen soon and I'm not gonna get all worked up over that fact.

    You do raise an interesting point that the tax rates for the wealthy would actually be higher if left to expire in 2011 than they were under Clinton.  I didn't realize that.

    I am not a member of the "Professional Left". I am a liberal Democrat and I vote!

    by Kurt from CMH on Thu Sep 09, 2010 at 10:21:38 AM PDT

    •  He was very specific about that exact point (1+ / 0-)
      Recommended by:
      musing85

      in his speech.

      Of course there's no guarantee that these will end up being the exact rates.  But what I tabulated is exactly what he said.

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