Friday, August 27, 2010

Some Democrats want to extend the Bush tax cuts

President Obama has vowed to let the Bush tax cuts expire at the end of the year. The President promised to focus on creating jobs, but he spent the first year of his presidency working on ramming the health care bill throgh Congress. Now, with the economy continuing to sputter along, raising taxes would make a bad jobs situation even worse than it already is. Because of this, some Democrats are starting to talk about extending the Bush tax cuts, as reported by the Washington Post:

With the economy rapidly weakening, some senior Democrats are having second thoughts about raising taxes on the nation's wealthiest families and are pressing party leaders to consider extending the full array of Bush administration tax cuts, at least through next year.