Tuesday, February 24, 2009

Oh, how refreshing.

In a speech tonight, Barack Obama made it clear. Anyone making $250,000 a year or less won't get a tax increase. But if you're making more than $250,000, be prepared to pay higher taxes. Of course, Republicans don't like that. They want everybody to have a tax cut. Even the rich. And the super rich. But Obama made it clear that he's left of center politically. He wants tax breaks for the middle class and the poor. And he's going to let the tax cuts given to the rich under the George Bush administration expire in 2010. That's part of Obama's plan to cut the federal budget deficit in half by the year 2013. To achieve that, Democrats have to cut spending (especially on national defense) and to make the rich pay more. In essence, Obama is saying we've got to narrow the gap between the rich and the poor. Oh, how refreshing. --Jim Broede

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