Alex Sink Continues to Back Bush Tax Cuts
I am sure the heads of progressives everywhere will explode after watching this video. Alex Sink doubles down and tells Chuck Todd she supports extending the Bush tax cuts. Todd asks if Sink wants the Bush tax cuts to be "permanently or temporarily" extended. Sink leans towards permanently extending the Bush tax cuts. Any plan Rick Scott had to attack Sink on tax cuts went straight to hell. The tax cuts are a major factor for the deficit
Jonathan Chait thinks it is a politically stupid idea for Democrats to support the Bush tax cuts.
I don't see how the question of whether the Obama administration should extend the Bush tax cuts only on income over $250,000 a year is even a question. This seems totally obvious. Let's walk through this.
1. Voters in general are in favor of pretty much any measure that takes money from the rich. And they specifically support, by wide margins, repealing the Bush tax cuts for the rich
2. George W. Bush's policies remain highly unpopular, but the Democrats' problem is that Americans don't believe that Republicans would continue those policies:
Chait proposes Democrats should come out against extending the tx cuts and force Republicans to defend a Bush policy and giving the rich a tax cut during a recession. I will add that Republicans can't claim to be deficit hawks ans keep the Bush tax cuts.
The Pew Economic Policy Group projected extending the tax cuts to 2020 would make public debt 71 percent of GDP. Yike!