Obama Refuses to Get Tough on Taxes

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How committed is President Obama to letting the Bush tax cuts for the rich expire? At his press conference today, he gave a fuzzy answer, so Chuck Todd followed up and asked him if he’s absolutely committed to repealing the Bush tax cuts for the rich, no ifs, ands, or buts.

Obama declined to say yes. He said he wouldn’t accept revenue increases that come from dynamic scoring magic or from vague loophole closing, but he’s committed to compromise. The American people demand it. Blah blah blah.

This is not a very promising start. Getting Republicans to support an extension of the middle-class cuts without an extension of the high-end cuts was always going to be hard. Without a rock-solid commitment to veto any bill that maintains a 35 percent top marginal rate, it’s even harder. Unless I’m missing something, Obama just left the door wide open to some kind of kludgy compromise that keeps top-end rates at their Bush-era levels.

UPDATE: For what it’s worth, most of my readers and commenters seem to think I’m wrong about this. The rough consensus appears to be that Obama is indeed firm about letting the high-end tax cuts expire, but it’s not smart politics to draw lines in the sand in a major public forum. That could well be true. I might be reading too much into this. We’ll see.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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