Let’s call them Obama tax cuts
Letter writer Tom Minnerick thinks President Bush’s policies gave us a recession. Why then did President Obama extend the Bush tax rates twice?
I think the tax rates are now the Obama rates. A recent Wall Street Journal section in the Daily Herald indicates that if the current tax rates are not extended after Jan. 1 there will be great damage to the economy and markets. I believe this would affect the middle class for more than it would the rich.
Lastly, since this administration has an income of $3 trillion a year and still borrows $1 trillion a year, it obviously cannot manage money.
Don Mack
Geneva
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