Continuing Wealthy Tax Cuts

11/12/2010
A wave of panic hit liberals after White House Advisor David Axelrod stated the Obama administration was highly considering a temporary extension of all Bush's tax cuts. Mr. Axelrod was quoted saying "we have to deal with the world as we find it", meaning the White House does not plan to fight for the end of the wealthy tax cuts. Unlike the Democrats the Republicans show no sign of lessening their resistance to Obama's agenda. This extension would continue the tax cut for all families including those earning more than $250,000.
Even though the Democrats still maintain control of the House and Senate, the Obama administration is open to compromise with Republicans. This is a huge mistake. It seems President Obama is surrendering without a fight, even he repeatedly promised during his campaign to continue the tax cuts for the middle and lower classes but ed it for the wealthy. Obama in the past has been too willing to compromise with Republicans. During the creation of the health care bill Obama unnecessarily removed reforms in attempt to gain some Republican support which he never received and it appears again that he is already ready to capitulate. It should be apparent that no matter what Obama offers the Republicans will not play ball with the Obama administration or the Democratic party.
The trickle down theory proposed by Republicans has failed time and again and the majority of Americans do not approve of extending tax cuts to the wealthy. The tax cut for the wealthiest Americans would cost the U.S. government $700 billion over the next ten years, which is intolerable, especially at such a troubling economic times. Axelrod also said "I don't want to trade away security for the middle class in order to make that point", signifying once again the Democrats are unable to have the slightest resemblance of a backbone. The lower and middle classes need the tax cuts unlike the wealthy but the top percentage of American should give back to the country that has supported them.