First of all the Democrats once again experienced a massive fail in branding the tax reductions implemented during President George W Bush’s administration. Since they were enacted with a hard sunset date, the Democrats should have loudly and consistently referred to them as the Bush Tax Holiday. Which is exactly what they were!
So now, President Obama and House Speaker John Boehner have their positions on taxes all wrong. They are actually in the opposite corners from where they think they are!
The President didn’t win a huge tax increase for the top tax brackets…taxes just returned to their pre-holiday levels for this small group. And it’s the GOP and Speaker Boehner who won a significant victory by permanently securing the tax holiday rates for the rest of the nation.
Well played GOP!
So why are you continuing to play the injured party here?