Ideally, Dems Would Know How To Negotiate
Obama's Former Budget Director:
In the face of the dueling deficits, the best approach is a compromise: extend the tax cuts for two years and then end them altogether. Ideally only the middle-class tax cuts would be continued for now. Getting a deal in Congress, though, may require keeping the high-income tax cuts, too. And that would still be worth it.
(Emphasis supplied.) It should not require giving the wealthy and corporations a tax cut in order to give the middle class a tax cut. Only the political incompetence of Democrats and their bureaucrats would make this so. It is at the heart of the political and policy failure of the Obama Administration and the Democratic Congress on the economy. Peter Orzag's first column for The New York Times illustrates why the Dems are poised to receive a crushing defeat in November. There are other flaws in Orzag's analysis:
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