The 2012 Presidential election was clear cut on one issue. The President campaigned on the proposal to extend the Bush era tax cuts for everyone making less than $250,000. And the President won.
So now the President is proposing to raise that number to $400,000. The reasons, well no one else has been able to think of a single reason why the President has to do this, but because of the brilliance of this site, The Dismal Political Economist has found three valid reasons why the President would renege on his positions and agree to cut taxes for those making more than $250,000. Here they are.
- The President has found out that when he compromises only a little bit with Republicans they accept his offer graciously and agree to major compromises in their proposals.
- Republicans will say bad things about the President if he doesn’t compromise, but if he does they will praise him and call him a great leader.
- There is no reason for the President to cave, it’s just what he does.
There it is everyone, just pick your favorite reason.