Home > Uncategorized > John Nichols – If Obama Will Not Fight for Fair Taxes and Fiscal Stability, What Will He Fight For?

John Nichols – If Obama Will Not Fight for Fair Taxes and Fiscal Stability, What Will He Fight For?

From The Nation:

The CIA: A Law Unto Itself

The latest WikiLeaks dump has revealed that the CIA is conducting criminal operations. And no one seems to care.

Eric Alterman

Strategic Reset: Movements React to Midterm Losses

November’s elections were a wake up call for movements around labor, the environment, immigration and education. Did activists tether themselves too closely to Democrats? What should they do now? A Nation special package.

The Editors

On WikiLeaks and Government Secrecy

Reflecting on the controversy over the publication of classified cables, a former Foreign Service officer calls for a more open diplomacy.

Jordan Stancil

Obama Caves on Tax Cuts, Endorses ‘Bush-McCain Philosophy’

Ari Berman

By flip-flopping on a key campaign pledge to end tax cuts for the wealthy, Obama will only embolden Republicans and deflate an already restless Democratic base.

The Breakdown: Will States Lead on Single-Payer Healthcare Reform?

Christopher Hayes

The Washington Post‘s Ezra Klein joins Chris Hayes to discuss whether a new bipartisan proposal in the Senate could pave the way for states to adopt single-payer healthcare systems.

The Maximalist: On Vasily Grossman

Jochen Hellbeck

Vasily Grossman’s Everything Flows is a searching and humane investigation of the totalitarian condition.

If Obama Will Not Fight for Fair Taxes and Fiscal Stability, What Will He Fight For?

by John Nichols

When Barack Obama walked out of last week’s meeting with Mitch McConnell and John Boehner and started talking about developing a “productive” working relationship with Republican congressional leaders who have sworn the political equivalent of a blood oath to destroy his presidency, it was clear that the president planned to abandon his many years of advocacy for ending Bush-era tax breaks for millionaires.

Now, with the  lame-duck session of a Congress still entirely controlled by Democrats races toward a earlier-than-expected conclusion, the deal is being cut.

Obama’s representatives-Treasury Secretary Tim Geithner and White House budget director Jack Lew-have reportedly entered the final stages of a negotiation with the Republican team of  Arizona Senator Jon Kyl and Michigan Congressman Dave Camp to extend all Bush tax cuts for for at least two years.

In return, federal unemployment benefits will be extended for up to one year.

The only remaining sticking point has to do with the question of whether to offer a small tax credit for working Americans-the “Make Work Pay” provision-and a tax credit for students, both of which were developed as part of the 2009 economic stimulus package. Remarkably, Republican negotiators who are going to the mat to defend $140 billion in tax breaks for the wealthiest 2 percent of Americans are objecting to maintaining $70 million in tax credits for the other 98 percent.

This negotiation is not headed toward a compromise. It is headed toward a complete capitulation.

Continue Reading

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: