There was an error in this gadget

Tuesday, August 7, 2012

Bloomberg Challenges Obama: Veto Any Extension Of Bush Tax Cuts

http://www.huffingtonpost.com/2012/08/07/michael-bloomberg-obama-bush-tax-cuts_n_1752153.html

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.


**Opinion**

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.

No comments:

Post a Comment

If you have a comment regarding the post above, please feel free to leave it here.