Despite previous claims that a slow economy would prompt Barack Obama to rethink his madness of letting the Bush Tax Cuts expire and raising taxes, readers of American Conservative Daily did not believe him. And just this past Sunday, David Axlerod confirmed that Obama has no such plans of being reasonable:
A top advisor to President-elect Barack Obama says the slowing economy won’t keep the new administration from fulfilling its plans for a middle-class tax cut.
Obama advisor David Axlerod says it’s important to get money in people’s pockets.
But Axlerod also told NBC’s “Meet the Press” that the administration still plans to let President George W. Bush’s tax cuts expire. Axlerod says those tax cuts skew to the wealthy, and “it’s something we plainly can’t afford.
For the past few weeks ACD asked readers what they thought the top marginal rate would be after Barack Obama’s first term and they overwhelmingly did not buy previous rhetoric and believed that taxes would go up before this statement.
Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll.
79% thought that the top marginal tax rate would increase by at least 10% under Obama with 32% believing that he would institute crushes taxes on upper income earners of at least 65%. 16% of respondents believed that the top tax rate would either remain at 35% or increase no more than to 44%. 4% believed that taxes among top income earners would actually be lower under Obama and I would really like to know what they are smoking because that certainly is not going to happen if Democrats retain control of the Congress for all four years of his term.
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