I Do Not Understand
President Obama put together a hell of a team in 2007 and 08 to win, first, a primary fight against a tough opponent and then win the Presidential election in November.
Then, this past year he put together a better team that, with a more comprehensive strategy, beat the Republican challenger.
In the election on 6 Nov, Obama won a solid victory. And the Dems increased their margin in the Senate and picked up seats in the House.
But somewhere along the line, I do not see him or his team negotiating with the Republicans like a progressive/liberal.
One cannot begin to negotiate with the starting position being what you want to end up with. The old Clinton rates for the highest income earners was 39.5%. You can’t start there.
The President should have said,
” We need to raise more money to help reduce the deficit. I will not raise taxes on the middle class. When the country had a lower unemployment rate and the marginal rates were higher than they are now, we had enough money to begin a space program that put a man on the moon. I do not intend to suggest or propose a 91% tax rate. My proposal is to raise the top marginal tax rate for people making over $250,000 to 50%.”
Of course the Repubs and Wall Street will howl.
But it is a starting point. It is a tactic, a tool. Everyone knows that the top marginal tax rate will be in the lower forties, but you have to start higher than you are willing to settle for.Explore posts in the same categories: Politics