Tuesday, August 7, 2012

Bloomberg Challenges Obama: Veto Any Extension Of Bush Tax Cuts


New York City Mayor Michael Bloomberg is arguing once again that all the Bush-era tax cuts, including those on the first $250,000 in annual income, should be allowed to expire at the end of 2012.

Bloomberg said it was folly to argue that the economy was in too fragile a state to absorb such a hike. In a phone interview with The Huffington Post, he also made the case that voters would reward President Barack Obama with a landslide victory in November if he called the Republicans' bluff on the matter.


Agreed. The tax cuts should be terminated at the end of this year. Maybe a tax cut for those making below $250,000 should be explored.

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