Obama campaigns for “tax fairness”
Even by the standards of US politics, Obama’s gambit is cynical. This is the president who has overseen the transfer of untold trillions of dollars to Wall Street finance houses, who intervened in 2009 to scuttle any salary cap being placed on the CEOs at federally-bailed out banks, and who during the 2010 congressional elections insisted that the Bush tax cuts be taken “off the table” as a campaign issue. Democrats, who then controlled both houses of Congress, dutifully intervened to prevent the automatic expiration of the cuts, which would have taken place at the end of 2010.
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