Thursday, December 02, 2010
Bush tax cuts up for debate.
Obama old plan was to extend tax cuts for the people making 250,000 or less, but the Republicans want to keep the tax rate for everyone. Now it seems that middle class tax payers aren't going to have to worry about a tax increase considering that there seems to be a general consesses, but what I find confusing is that the Republicans want to spend billions on Bush tax cuts for the rich, and want to cut spending on what some Tea party cadidate calls useless. Like spending money on education, science, Uneployment benifits, Health care, Social security. When will they realize that in order to make the country reduce it's enormouse deficit you need to actually stop all Bush era taxes, stop corporation loopholes, make minor cuts and make reforms like a real uneviresal health care and a national Phramacare system. With Republicans in the house and having major fillibuster power in the senate non of this is going to get done, and I can see in 2012 some Republican candidate saying that Obama didn't cut enough. The U.S looks right now very hard to fix, but I still remain hopeful that at some time taxes will eventually rise for everyone, and better now than at a point when taxes will need to rise just to pay off the intrest on the debt.