Sunday, November 23, 2008

Smart Obama Changes His Mind On Taxes

Who said Obama wasn't a smart guy?

In today's New York Times:

Mr. Obama is also said to be reconsidering a key campaign pledge: his proposal to repeal the Bush tax cuts for the wealthiest Americans. According to several people familiar with the discussions, he might instead let those tax cuts expire as scheduled in 2011, effectively delaying any tax increase while he gives his stimulus plan a chance to work.

Obama's insistance on sticking with the Bush tax rollbacks was the one position of his I disagreed with. I was hoping he was sticking to it during the election as a political calculation that any change of mind on it would create a political firestorm, not because he really believed that raising taxes during a Depression was a good idea.

Obama once again proves something that those of us who have been around a while have been having a hard time believing: we might actually be able to have faith in the good judgement of a politician.

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