PEBO and the Bush tax cuts

The debate within the Obama Team right now is not about whether the Bush tax cuts for the wealthiest Americans will disappear. They will, Obama aides say.The question being debated is: When?Some outside advisers are recommending that the President-elect not target them for elimination in his first budget, for 2010, an Obama aide tells ABC News, but rather that he let them expire on their own in 2011.An Obama adviser tells ABC News that the economic team is just being named now, and they will weigh this issue. No decisions have been made.But, the adviser says, the overall debate is NOT about whether President-elect Obama will "restore fairness in our tax code" -- just about "whether it happens in the year after next or the year after that."

- jpt

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