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10 Dec 2010 09:18


Politics: Obama, in fact, playing his long-term tax change card

  • Look, the fact of the matter is that, for a decade now we have had the tendency to think that we can keep on having all the services we want and … can keep cutting taxes as much as we want and that somehow things are going to magically balance out.
  • Barack Obama • Discussing the country’s current tax situation – basically a suggestion that we’ve been living like we can have our cake and eat it too. Obama, on the other hand, doesn’t think that’s true; he suggests his compromise would play out as “a central battle as part of a larger discussion about how do we reform our tax code so that it’s fair” and a way to deal with the deficit in “an intelligent way.” Obama is playing for long-term gain, and if he’s successful, he’ll make a stronger long-term mark. Of course, that still means it needs to pass, which Obama’s confident will eventually happen (even if it didn’t yesterday). source