For the past few months, the media and the American people have been debating whether the Obama administration would bring forth a great October surprise to shift opinions to their camp before the election. With information regarding the Banghazi scandal growing daily against the President, the likelihood of a game changing event just before the election appeared remote.
However, a new report on Oct. 26 from the White House may be that last ditch attempt to sway voters going into the Nov. 6 elections. Officials from the Obama administration are working on a proposal to provide new tax cuts in an effort to show the American people that the White House recognizes their economic concerns, and that the President has a new bold plan to address it.
The White House is weighing the idea of a tax cut that it believes would lift Americans’ take-home pay and boost a still-struggling economy, according to people familiar with the administration’s thinking, as the presidential candidates continue battling over whose tax policies would do more for the country.
Obama administration officials have concluded that the economy, while improved, is still fragile enough that it may need another bout of stimulus. The tax cut could replace the payroll tax cut championed by President Obama in 2011 and 2012, which was designed as a buffer against economic shocks such as the financial crisis in Europe and high oil prices. It expires at year’s end. – Washington Post
This sudden change in policy by the President contradicts all the rhetoric that he, and his campaign, have promoted over the past six months regarding the state of our economic recovery, and the need to provide tax cuts to the American people. In fact, the Obama campaign has gone out of its way to attack Mitt Romney’s proposal to cut $5 trillion from the National Debt, while at the same time focusing energy on the argument of whether the Supreme Court was correct in stating that Obamacare was legitimate because it was considered a tax.
Suggesting new policies or programs to help the economy before an election is simply part of the myriad of campaign promises all candidates push to sway voters in their run for office. During this election however, there is a unique perspective unlike many prior elections for the American people regarding the two candidates. Each candidate has a well documented track record of their prior policies and ideologies for voters to easily find and research. Both Mitt Romney, as the Governor of Massachusetts, and Barack Obama, as President of the United States, have signed legislation which directly affected the economic direction of their respective domains.
For most of Barack Obama’s term in office, the President has continuously stated that he would not renew the Bush tax cuts, and in fact, signed legislation for tax increases on all Americans through the passage of national health care. And for the White House to suddenly be looking at a new proposal to cut taxes for the American people just days before the election, especially after the administration fought against Congressional tax cut proposals over the past four years, is a feeble attempt to try to sway voters leading into Nov. 6.