Obama Refuses to Get Tough on Taxes

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.


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.

THIS IS BIG FOR US.

And we won't beat around the bush: Our fundraising drive to finish our current budget on June 30 and start our new fiscal year on July 1 is lagging behind where we need it to be.

If you value the reporting you get from Mother Jones and you can right now, please consider joining your fellow readers with a donation to help make it all possible. Whether you can pitch in $5 or $500, it all matters.

If you're new to Mother Jones or aren't yet sold on supporting our nonprofit reporting, please take a moment to read Monika Bauerlein's post about our priorities after these chaotic several years, and why this relatively quiet moment is also an urgent one for our democracy and Mother Jones’ bottom line—and if you find it compelling, please join us.

payment methods

THIS IS BIG FOR US.

And we won't beat around the bush: Our fundraising drive to finish our current budget on June 30 and start our new fiscal year on July 1 is lagging behind where we need it to be.

If you value the reporting you get from Mother Jones and you can right now, please consider joining your fellow readers with a donation to help make it all possible. Whether you can pitch in $5 or $500, it all matters.

If you're new to Mother Jones or aren't yet sold on supporting our nonprofit reporting, please take a moment to read Monika Bauerlein's post about our priorities after these chaotic several years, and why this relatively quiet moment is also an urgent one for our democracy and Mother Jones’ bottom line—and if you find it compelling, please join us.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate