Monday, December 6, 2010

Weigel on Obama's surrender on taxes

Dave Weigel, via

And this is why liberals can't stomach a compromise on tax rates. They were promised by Obama -- by every Democratic candidate, really -- that the tax rates would be restored to pay for social programs. They thought they proved in the 1990s that these were fair tax rates under which the economy could grow wildly, and that Bush proved in the 2000s that lower marginal tax rates for the wealthy didn't spur real economic growth. It was an important debate, and they won it. They have polls telling them they won it, and most Americans are find with restoring the top rates. And here's Obama, about to throw the game, affirming the conservative line that tax cuts of any size at any time are good for the economy.

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