The Hill News

Last week, President Obama indicated a willingness to extend the Bush tax cuts for taxpayers with income under $250,000.  Facing declining polls and an all but certain electoral disaster in November, this president is playing to his strength - political gamesmanship - and exposing his Achilles' heel - managing the economy and creating jobs.  Extending 80 percent of the Bush tax cuts for 95 percent of the taxpayers is certainly good politics, but standing by while massive tax increases go into effect for American small businesses is a terrible economic policy.

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