Tuesday, September 20, 2011

The Over-Under on Obama's Fight on Taxes

This past Monday, President Obama offered new proposals for solving our long-tern economic woes.  Unofficially branded the "Buffett Rule," these proposals focus on the rich paying more in taxes. They include closing the Bush tax cuts to higher incomes, new taxes on the wealthy, a special new tax for millionaires, and closing loopholes for those who make over $250,000. Unsurprisingly, critics immediately branded the proposal "class warfare."

According to Robert Reich, this will be not only the fight fight of 2012, but "perhaps the defining battle."

This makes me wonder, in light of everything we have seen from the president to this point: how long will this fight last until he caves to the Republican side?

Could he possibly last until the new year?

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