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Recommended Reading

Matthew Yglesias says the Bush tax cuts are toast and that's that. Maybe a lot of the reason that certain billionaires fought so hard to defeat Obama is this: They knew that the economy was going to get better in 2013 and even better in 2014 no matter who won the presidency. The difference is that Romney would have extended the tax cut for the rich (and maybe cut deeper) and Obama wouldn't. So as things got better under Romney, they could have argued tax cuts for the rich help the economy and as things got better under Obama, they would have lost that argument forever.