Jeffrey Sachs analyzes Obama's budget policies regarding Bush tax cuts
What happened
Jeffrey Sachs published an article analyzing President Obama's budget policies, arguing that the focus on progressive vision often obscures his actual fiscal approach. Sachs noted that Obama campaigned to make the Bush tax cuts permanent for 98 percent of households, while only restoring pre-Bush rates for the top 2 percent of households.
From newsbusters.org
Why it matters
Sachs contended that by making most of the temporary tax cuts permanent, President Obama sided with the Republican campaign to reduce government revenues. This policy, he argued, contradicted the appearance that Obama was working to raise government income.
From newsbusters.org
Who's involved
- Jeffrey SachsAmerican economist who published an analysis of political and budget policies
- DemocratsPolitical party whose policies and budget strategies were analyzed
- BushSubject of the tax cuts that Democrats sought to make permanent
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The entities involved
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Jeffrey Sachs
American economist (born 1954)
Nothing else this week.
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Democrats
political party in Greece
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Bush
British electronics manufacturer brand owned by Home Retail Group and sold exclusively at Argos