Watching President Obama's remarks on the jobs report, one thing that struck me was that his prescription for job-creation — free-trade agreements, a tax cut, and "we've got to to rein in our deficits and help the government live within its means" — isn't particularly radical and in fact is something a lot of independents and Republicans can agree on. People may disagree about the nature of the tax cut — Mr. Obama wants a one-year extension of the two-percentage-point payroll tax cut, while Republicans might prefer something aimed more at marginal rates. And there is disagreement over whether reining in the deficits should be accomplished only by spending cuts or also by revenue increases. Mr. Obama is also still pushing "our roads and our bridges and our railways and our infrastructure," which at least some Republicans have lost patience with at this point. But at least at the rhetorical level, it's a pretty centrist, mainstream approach. No talk from the president this morning about corporate jets or about millionaires and billionaires.
by Editor | Related Topics: Government Spending, Politics, President Obama, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list