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^Obama's whole premise was that the Bush tax cuts were wrong and that the rich were not paying their fair share. He is now back peddling from that under the realization that as prez he, not George Bush, will be held responsible for the economy. Therefore he is smelling the coffee, if u will, on the reality of taxation and economics. Perhaps not a complete break of a promise but none-the-less a dramatic attitude change.
I didn't see anything that says he's back-pedaling, either. If he's decided not to ask for legislation right off the bat, it may be in order to spend more time getting a picture of things before making major changes. Automatically attributing political motivations to him is a bit unfair.
Obama could only be back-peddling if he said that the tax cuts were fine. The only issue regarding the tax cuts is if he will initiate legislation to repeal Bush's tax cuts or let them expire the year after he takes office. Either way, the taxes of the wealthy will increase, thus being inline with Obama's stance during the campaign.
Right!
What he ought to do is have legislation to replace the Bush tax cuts: leave the bottom three brackets alone, and raise the others -- adding a new one on top, with a rate back what it was before Reagan. Then provide relief by raising the individual exemption by a good chunk.
Anyway -- no broken promise here, merely someone with probably more information that before deciding on the pace of changes to come.


 
						 
 
		 
 
		 
 
		 
 
		









 
 
		 
 
		 
 
		








 
 
		

