It looks that way, if you listen to White House adviser David Axelrod. But then again, the boss is out of town.
President Barack Obama’s top adviser suggested to The Huffington Post late Wednesday that the administration is ready to accept an across-the-board, temporary continuation of steep Bush-era tax cuts, including those for the wealthiest taxpayers.That appears to be the only way, said David Axelrod, that middle-class taxpayers can keep their tax cuts, given the legislative and political realities facing Obama in the aftermath of last week’s electoral defeat.
“We have to deal with the world as we find it,” Axelrod said during an unusually candid and reflective 90-minute interview in his office, steps away from the Oval Office. “The world of what it takes to get this done.”
“There are concerns,” he added, that Congress will continue to kick the can down the road in the future by passing temporary extensions for the wealthy time and time again. “But I don’t want to trade away security for the middle class in order to make that point.”
I guess that’s the closest thing to credit Bush will get for lowering middle class taxes. It’s also the closest thing to an admission that raising taxes is bad for the economy.
Axelrod also indicated Obama will dig in his heels when it comes to protecting Obamacare, saying “The notion of spending the next two years fighting over this, I think, is a complete misreading of what the American people want.” Actually, that is what the American people want, at least the majority of us.
Back to the tax cuts, how long will it be before we start hearing them called the Obama tax cuts?
Side Note, ICYMI: In order to avoid future tax hikes, we need to make sure that no porkers chair the Appropriations Committee.
Update: The boss must have called from Indonesia, or wherever he is, to instruct his staff to deny that he won’t raise taxes on some Americans.