Democrats Retreat Again, This Time on Tax Cuts
Earlier in the week I wrote an article advancing the idea that the Democrats had a ready made issue to take to the voters in the upcoming mid-term election. That issue was tax cuts and even as seasoned a neo-conservative strategist as Grover Norquist conceded that this could be a difficult issue for Republicans if Democrats exploited this potential strategic advantage.
With more Americans hurting by the day, with many unemployed and others working more hours than ever while seeing their standards of living eroding, there would be a massive reaction to the idea of continuing the Bush tax cuts with an emphasis on maintaining assistance to individuals in the top two percent.
Economists have estimated that maintaining those cuts would cause the ever burgeoning debt to expand by $4 trillion over the next 10 years.
Wait... There's more! (731 words in story)