http://www.mynorthwest.com/?nid=321&sid=399552
Michael Medved's Blog-Blocking Tax Hikes is no Giveaway
Because the government has postponed the tax hike, liberals are upset. They think that the Republican party is trying to give away money to the millionaires. Republicans just want to keep taxes where they are at right now. The do not want to give up any more of their incomes, nor do they think keeping more will help the economic situation. People who are creating jobs cannot afford a large tax hike which would make the economy struggle. It seems that this is the best decision, considering the circumstances. "this wasn’t really a deal; more like the Democrats finally admitting that they didn’t have the guts to raise taxes in the middle of a sour economy." (Lane-http://www.redstate.com/moe_lane/2010/12/06/obama-retreats-on-tax-hike/) I agree that the main reason why the tax hike did not occur was because of the poor economy. Some reports of Obama's retreat say that it was a "deal", meaning the Democrats got something in return. I think that it was the economy that gave conservatives an early Christmas present.
Questions:
What could the Democrats have gotten in return?
Who actually won this battle"
What does this mean for the next presidential election? (tax hike is scheduled to begin around the next election)
Vocab:
None
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