Barack Obama has to be the most inept negotiator in the history of the Democratic Party. Would somebody please remind him that he is the PRESIDENT OF THE UNITED STATES, and that he finally can stop Uncle Tomming his way to the top?
On payroll taxes: If payroll taxes are cut for a year, would anybody in his or her right mind expect Congress not to continue extending those cuts indefinitely, making Social Security less and less viable? How about permanently eliminating the tax on the first $20,000 of income, and entirely removing the upper cap on taxable income?
On the Bush tax cuts: Let them lapse! The higher tax on working and middle class people will not significantly slow the economy, and the rich will have less money to speculate on commodities, thereby holding down gasoline and food prices.
On the Estate Tax: Take no action at all, and let it revert.
On the Alternative Minimum Tax: Permanently key it to inflation, so the charade of “adjusting” it every year no longer is necessary.
On the Tax Code: It really is time to rewrite the tax code, eliminating most deductions (including mortgage interest and charitable bequests to religious institutions) and increasing the number of tax brackets to make income tax more progressive.
On extending Unemployment Insurance: Perhaps the President might try reminding the American people that it is the Republicans who are holding the poorest among us hostage to benefit their fat cat patrons.
Americans admire strength, but we haven’t seen much of that from Barack Obama. If we can’t find any strength in the administration, perhaps we can find some in the Senate. From you, perhaps?