So this morning’s big campaign news is that the president is calling for a one-year extension of the Bush tax cuts for those earning less than $250,000. This is in instant response to Republican talk of a one-year delay in the expiration of all the Bush tax cuts, and also of the appropriations “sequester” due to go into effect in January, as required by last year’s debt limit agreement (the two prongs of the supposed solution to the supposed “fiscal cliff”) facing the country at year’s end.. And Obama is also anticipating another one of those ritual House votes making all the Bush tax cuts permanent.
Why not? Even if Obama intends to go along with a one-year delay on everything, it’s not likely to happen until after the elections. He might as well restate his position on tax fairness, force Republicans to hold middle-class tax relief hostage to upper-class tax relief, and rinse and repeat as necessary, throwing in occasional demands that Mitt Romney release his full tax returns.
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