Democratic National Committee communications director Brad Woodhouse admitted in a radio interview that “some of the Bush tax cuts did some good things for the middle class,” Hot Air reports.
According to the Washington Post, the Congressional Budget Office predicts that the expiration of Bush-era tax cuts in 2013 would “suck $607 billion out of the economy next year, plunging the nation at least briefly back into recession.”
The resulting tax hike, nicknamed the “Taxmaggedon,” has received staunch support from the White House. The Washington Post notes, “Obama has threatened to veto any effort to amend current policies unless Republicans agree to let the Bush tax cuts expire for households earning over $250,000 a year.”
Despite the president’s position, Woodhouse points out the consensus between Republicans and some Democrats who “certainly don’t want to see, especially at this time, tax increases on the middle class.”
Presumptive Republican nominee Mitt Romney said something similar on Wednesday at a Business Roundtable event. “Fifty-four percent of America’s workers work in businesses taxed at the individual tax rate — you raise that marginal tax rate from 35 to 40, and you kill jobs,” he said.
Whether Obama likes it or not, Woodhouse seems to agree.