Thursday, November 11, 2010

Let the Tax Cuts Expire

Mr. President,

I'm a middle class taxpayer. I appreciate that you, Mr. Biden, and most of the Democrats in Congress have done to help stabilize the economy. I truly believe you are trying to work the best possible solution you can. However, I severely disagree with extending the Bush tax cuts for all, and would be willing to sacrifice additional money out of my pocket if it meant securing a longer term victory here.

I'm aware the situation looks bad. Conservative Democrats and the Republicans have done their best to back you into a corner to support extending those irresponsible tax cuts. You're humbled by the results from November 2, and feel that maybe the Republicans have a point. Also, you feel throwing out the middle cut tax cuts just because the rich get to keep theirs is akin to throwing the baby out with the bath water. I can see your point, and in some ways can see the validity of this decision.

However, that doesn't change the fact that these tax cuts are irresponsible. At a time when sooo many people are running around yelling about OMGZ!!!! TEH DEFICIT OMGZ!!!, they don't seem to care about ending one of the biggest causes of that deficit: a stupid tax cut rammed through by President Bush in the middle of a long and expensive conflict.

Use your constitutional prerogative, and let these tax cuts expire. Will you be excoriated by The Village? Probably. Will tea partiers and Fox News sluts and Evan Bayh say mean things about you? Yeah. Of course, its not like these things don't happen already, even when you did cut taxes. The stimulus package was heavy on tax cuts, but that didn't prevent 90% of Americans from realizing that you had actually cut their taxes. They'll think you are a tax and spend liberal no matter what you do, so show real leadership, and take on Boehner and his friends on this one.

The only reason why this wouldn't be a good idea is if Congress shows a likelihood of overriding your veto. And maybe that's why Axelrod sent up the white flag in his interview. I hope not, because that shows Congress has completely given into ignorance, and the path to recovery grows ever dimmer.

But failing that scenario, pick a fight with the GOP (and the Conservative Democrats) on this one. Take your case to the American people, and accept that some may hate you, if only for a while. Make the GOP own the situation, and pressure them to come to the table to work out real tax reform that truly benefits the middle class.

Leadership is oftentimes about seizing the moment, zigging when conventional wisdom says you zag. You understood that during your campaign, but at times seem to have forgotten that while in the White House, focusing on smaller technical things, rather than the bigger picture. You stood up and did the right thing regarding the AIG bonuses, as bad for PR as that decision was. I am confident you know what you are doing, but hope I am missing something if you fail to take this opportunity.