9/08/2008

Obama somewhat changing his position on timing for tax increases

Before Obama didn't refrain from arguing these higher taxes because of a recession (of course, there is no "recession"), but now they could be delayed:

Democrat Barack Obama says he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.

Nevertheless, Obama has no plans to extend the Bush tax cuts beyond their expiration date, as Republican John McCain advocates. Instead, Obama wants to push for his promised tax cuts for the middle class, he said in a broadcast interview aired Sunday. . . .

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