Friday, July 23, 2004

For coverage of President Bush’s decision to walk away from a deal to extend various expiring middle class tax cuts (10% bracket, marriage penalty relief, and child tax credit) for two years, and instead push for a five-year extension in September, see the New York Times, Washington Post and Wall Street Journal. Michael Froomkin calls it “one of the most cynical ploys in US politics I ever read about. And I read a lot….[T]he only reason Bush & Co. support tax cuts is to use them as a wedge issue. Give them the tax cuts they ask for bipartisanly, they not only lose interest, but scupper it.”