With $900 Billion in Tax Cuts, Many Working Americans Will Still See Taxes Rise

By: Monday December 13, 2010 9:01 am

I know most Americans don’t pay attention to the day-to-day political fighting in Washington, but I suspect many voters will have heard that Obama reached a deal with Republicans on a hugely expensive tax cut deal. When roughly a third of voters actually see their taxes go up, even slightly, I imagine they will not be happy with Obama. Once again, Washington will pass a massive piece of legislation, like TARP or health care reform, and they will not see any benefits.

 

Obama’s Tax Deal Could Damage 2012 Re-Election Chances

By: Thursday December 9, 2010 12:40 pm

Paul Krugman came to the conclusion that the Obama-McConnell tax deal could end up hurting President Obama’s 2012 re-election bid by reducing growth rates in the critical months leading up to the election.

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