Do enough Democrats want to extend Bush tax cuts?

With increasing numbers of moderate Democrats balking, Obama's plan to let tax cuts for the rich expire hits a serious snag

The Obama administration and Democratic congressional leaders want to let George W. Bush's tax cuts for couples making more than $250,000 a year expire.
(Image credit: Getty)

With the midterm election campaign heating up, a small but growing number of Democrats are joining Republicans in opposing a tax hike for the rich. While the Obama administration and Democratic congressional leaders favor extending George W. Bush's tax cuts for couples making less than $250,000 a year, but letting the breaks expire for wealthier Americans, some moderate Democrats fear a voter backlash. Others say it's unwise to raise taxes in hard times when we need people to pump money into the economy. Is Obama's plan to make the wealthy pay more taxes collapsing? (Watch a Fox Business report about Dems and the tax cuts)

Yes, Dems realize Obama's leading them to disaster: Bush's tax cuts "sparked" the last "rebound for unemployment," says Ed Morrissey at Hot Air, and, as Dems belatedly realize, "socking" people with a tax hike now will have the opposite effect. That said, extending Bush's cuts is tricky for the Democrats — it thwarts their strategy of blaming Bush for everything — but, if they don't, they'll trigger another recession.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up