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Why the Left Really Hates Tax Cuts for the Rich: Caroline Baum

“Odious” is how senior adviser David Axelrod described President Barack Obama’s acquiescence to extending tax cuts for the rich as part of a deal struck with congressional Republicans.

Just think about that for a moment. In order to secure the GOP’s support for an extension of unemployment benefits and a one-year reduction in the employee-paid portion of the payroll tax, the administration had to hold its nose, swallow its pride and exhibit other metaphorical manifestations to demonstrate its disgust at the thought of letting the rich keep more of their own money.