As in Ecclesiastes, there is a time to raise taxes, and a time to cut taxes.....
This is the time to cut taxes.
The United States has been through an economic ordeal the likes of which most alive today have never experienced. The has been pain, hardship and deprivation.
The economy is on a slow, sometimes stalling, lugubrious uphill improvement, but there is little confidence in the economy generally, and especially in the US where recovery has been the slowest. The most successful governments right now are cutting taxes, although the oil price wars have given Canada's rookie finance minister pause, withholding a budget until May. Which is when we are likely to be headed to the polls.
This too is a political move, let's face it $320 billion over ten years is peanuts. It's not going to affect anything without cost cutting. Historically, governments who increase taxes and don't cut costs, or at least politicians salaries tend to get fired. Which is the point here.
Obama will never run for office ever again. This is a political shot across the bow, another "amnesty ruse" to wave the proverbial red cape at the Republican bull.
The trap is set.
Any objection from the right and "Bush did it too!" will be "Reagan started it!"
Barrack Hussein is a genius at one thing....propaganda. He IS the best