Why Delay the Repeal of the Tax Cuts for the Rich Indeed

Robert Frank made a measured argument in a recent New York Times Economic View column opining that cuts enjoyed by the rich from ancient times (the original Bush tax cuts, and due to expire in 2010) should be repealed now, and instead given to the middle class and poor. Indeed we could expect "..the immediate effect would be an increase in total spending roughly equal to the additional revenue from repealing the (tax) cuts."

This argument is compelling given the relative need for increased cpmsumer spending across the board. The redistribution will be used for needs, not savings. Although we need to encourage saving more in the long run, right now we need the spending.

America needs a spending recovery to get us out of this recession, not a few rich dudes hoarding tax cuts in their holdings for heirs. Listening Obama??