WASHINGTON (AP) — Time and again during his presidential campaign, Barack Obama was unequivocal: "We are going to roll back the Bush tax cuts for the wealthiest Americans."
But when the chips were down, now-President Obama blinked and backed away.
Twice in less than nine months, Obama has shelved his pledge in deadline-pressing negotiations with congressional Republicans. Obama insists he still is determined to find new revenue by making taxpayers who make more than $200,000 and big corporations pay more, but frustrated liberals say he has already missed key opportunities.
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