This would be instead of raising taxes on the top tax bracket and giving the middle class a new tax cut. Instead, he’d reup the tax cuts the middle class has and not touch the top ones.

From Politico:

Obama adviser Bill Daley says Obama will “more likely than not” postpone a tax increase for the rich until 2011, when the Bush tax cuts expire, rather than pushing to repeal them now.

He made the comment on Meet the Press, and it’s a suggestion that Obama will tailor his initiatives to avoid burdening the struggling economy — even at the cost of a widening deficit.

Again, this is another move that signals Obama is no economic ideologue and hardly the socialist boogeyman the right-wing painted him as.

Business Obama To Let Bush Tax Cuts Expire