Following Rahm Emanuel’s advice that “you never want a serious crisis to go to waste,” President Obama and Congressional Democrats hope to use the gulf oil spill crisis to implement a BP-approved national energy tax, just like they used the economic crisis to pass the budget-busting stimulus and health care bills.
In January of 2011, President George W. Bush’s tax cuts will expire. Economists are predicting that allowing these cuts to expire could trigger a second recession, “for an administration, that for political reasons would want a vibrant economy,” said successful businessman Steve Forbes “letting the Bush Tax Cuts expire would be a dampener on the economy.
But what if we kept them all in place?
