Don't Mess With Taxes

Was it just a case of Joe Biden being his old chatterbox self, or is the Obama Administration really considering giving somewhat on tax cuts for the rich?

When the Vice President appeared last week on Bloomberg Television's "Political Capital with Al Hunt," Biden told the host, "We're open to speak to the Republicans, if they really mean it. If they're talking about deficit reduction, if they're willing to move, I think there's a possibility" of extending the tax cuts for households making more than $250,000.

Obama aides quickly downplayed Biden's comments, saying the VP was simply repeating the Administration's official position: Tax cuts must be extended for middle-class households before the Democrats will even talk about continuing them for the wealthy.

Still, as Nov. 2 nears and polls show that the GOP is likely to pick up several seats and possibly take control of the House, extension of all tax cuts, at least for the short term, is starting to look more likely.

Related posts:

• Democrat vs. Republican tax cut graphics
• Obama advisers say 'yes' to all tax cuts
• Taxes, wealth and relativity
• A look at who's paying how much taxes
• 'Tax us more,' say some rich Americans
• The burden on the richest taxpayers
• Tax cuts, or hikes, for all
• No votes on tax cuts until November
• OMG! What will happen to my tax bill
  if the Bush tax cuts expire!?!
• Expiring tax cuts might just do that

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