HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Democrats » Barack Obama (Group) » John Harwood, NYT: Obama'...
Introducing Discussionist: A new forum by the creators of DU

Mon Feb 20, 2012, 12:36 PM

John Harwood, NYT: Obama's tax policy targets the rich.

WASHINGTON — Partisan clashes over President Obama’s proposed tax increases have obscured something remarkable: that the affluent Americans targeted by his policy represent a growing share of his own party’s base.

You would not know it from Republican cries of class warfare swirling around Mr. Obama’s new budget, which reiterates his calls for higher taxes on individuals earning more than $200,000 and households earning more than $250,000. Conventional understanding of election-season populism assumes that the president will be looking to stick it to die-hard Republicans.

snip

To make the point that he is not lashing out at opponents, Mr. Obama often notes that his proposals would raise his own taxes or those of allies like Warren Buffett, the billionaire investor. But the Democratic Party’s increasing electoral success in upper portions of the income scale points to something broader: an argument that people like him have a civic responsibility to bear more of the burden of deficit reduction and to pay for government spending priorities.

“It is the opposite of a pander,” said Dante Chinni, the director of Patchwork Nation. And it carries risks as well as potential rewards.

http://www.nytimes.com/2012/02/20/us/politics/obamas-tax-policy-targets-slice-of-his-base-the-affluent.html?ref=politics

8 replies, 1520 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 8 replies Author Time Post
Reply John Harwood, NYT: Obama's tax policy targets the rich. (Original post)
DevonRex Feb 2012 OP
CAPHAVOC Feb 2012 #1
DevonRex Feb 2012 #4
DCKit Feb 2012 #2
DevonRex Feb 2012 #3
grantcart Feb 2012 #5
DevonRex Feb 2012 #6
samfarkus Mar 2012 #7
DevonRex Mar 2012 #8

Response to DevonRex (Original post)

Mon Feb 20, 2012, 01:33 PM

1. It is where the money is.

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to CAPHAVOC (Reply #1)

Mon Feb 20, 2012, 03:14 PM

4. Yes it is.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to DevonRex (Original post)

Mon Feb 20, 2012, 02:00 PM

2. "Mitt Romney paid 13.9%. What percentage did you pay last year?"

 

That's about all he needs to ask the 99%.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to DCKit (Reply #2)

Mon Feb 20, 2012, 03:13 PM

3. Yep. And

one thing I like is that even though wall street doesn't like his proposals, it's actually becoming trendy for other wealthy people to say they are willing to pay higher taxes. They want to separate themselves from WS and the republicans.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to DevonRex (Original post)

Tue Feb 21, 2012, 01:00 PM

5. the first Democrat in modern history to advocate an increase in taxes during an election year


Pretty significant.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to grantcart (Reply #5)

Tue Feb 21, 2012, 04:44 PM

6. I think so, too.

I love the line about it being the opposite of pandering.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to DevonRex (Original post)

Sat Mar 3, 2012, 07:28 PM

7. http://blogs.wsj.com/deals/2011/03/18/buffetts-goldman-bet-reaps-8-7-billion-gain/

 

divining the motives of ultra-wealthy people isn't difficult.
Goldman Sachs was a huge recipient of the federal bailouts

Reply to this post

Back to top Alert abuse Link here Permalink


Response to samfarkus (Reply #7)

Sat Mar 3, 2012, 07:39 PM

8. Your link doesn't work.

So I can't comment on its content.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread