• Posted on Tuesday, November 2, 2010
  • Bookmark and Share
  • email
  • |
  • print
  • |
  • rss

tool name

close
tool goes here

Commentary: Obama's tax cuts deserve some attention

email this story print this story jump to comments

Chances are you’ve heard plenty recently about the “Bush tax cuts” and how Republicans in Congress are determined to keep them going past their scheduled end date of Dec. 31.

But most people, it turns out, aren’t at all aware of the “Obama tax cuts” — yes, they exist — which so far have put more than $240 billion back into the pockets of American taxpayers over the last 18 months or so.

In fact, these may be the most ignored tax breaks in U.S. history.

The tax reductions were part of the early 2009 stimulus bill championed by President Barack Obama and passed by Democrats in Congress as they tried to stave off a second Depression.

But the economic recovery has not occurred as strongly as hoped. So critics of Obama and the stimulus bill are unfairly yet successfully labeling it as little more than a “bailout” for unions and Democratic interests.

This carping often comes from one-note GOP candidates on the campaign trail this fall. They never get tired of offering their solution for boosting U.S. economic fortunes with — naturally — tax cuts, completely ignoring what’s occurred already under the Obama administration.

And don’t forget that congressional Republicans as a bloc opposed the 2009 stimulus bill — and the nearly $300 billion in tax breaks it contained for individuals and small businesses.

To read the complete editorial, visit www.kansascity.com.

  • Bookmark and Share
  • email
  • |
  • print
  • |
  • rss

tool name

close
tool goes here
JOIN THE DISCUSSION

We welcome comments. To post one, you must sign in using either your McClatchyDC login or your login for Facebook, Twitter or Disqus. Just click the appropriate box below.

Please keep your comment civil, short and to the point. Obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. If you find a comment abusive or inappropriate, please flag it for the moderator by placing your cursor on the comment, then clicking the "flag" link that appears. Thanks for your participation.

Stay Connected

Sign up for email newsletters RSS
Follow us on your iPhone Follow us on your Android device
Follow us on Facebook Follow us on Twitter Follow us using Google Currents

FEATURED COLUMNIST

leonard pitts jr.

Miami Herald columnist Leonard Pitts Jr. won the Pulitzer Prize for commentary in 2004. He is the author of the Novel, Before I Forget. Read his latest commentary here.

COMMENTARY AROUND MCCLATCHY

FEATURED COLUMNIST

joe galloway

McClatchy's veteran war correspondent, Joseph L. Galloway, retired in January 2010 after half a century in the newspaper business. Read his farewell column, and an archive of his take-no-prisoners commentary. Here's one of his most-requested columns, "Fridays at the Pentagon."