(imo) it is a VERY POOR DEAL for the U.S. budget.
Since when is it a good deal to have to accept extending the tax cuts for milionaires and billionairs - just to get an extention of tax cuts for the middle class ???
Wouldn't those billions for the wealthy be better spent elsewhere? Like infastructure JOBs for the jobless (since studies have shown that tax breaks for the wealthiest folks have not provided more jobs in the 10-years it has been in place). . .
Many of the wealthiest folks say they DON'T NEED NOR WANT THE TAX BREAKS TO CONTINUE.
AND, how will this be paid for? By taking money from the Middle Class and Poor of course !!! I suspect in the form of cuts to Social Security and Medicare [reducing these so-called Entitlements for the PEOPLE have long been a target for 'dismanteling' by the 'capitalist' Republicans and Libertarians], and they keep whitteling away at them - - till there will be nothing of value left, we are close to that now. . . . Why can't the wealty see themselves for what they are (awful team players), because their GREED constantly gets in the way !!!
Unless I'm wrong about the particulars in this deal - I stand against it. . . .
We have to keep the rich in a America a break to an extent they do provide jobs from there Corp. but we also need to get Corp,out of the Government, who do you think runs it, check out BP oil, and how that spill started as well as who gain by cleaning up the BP oil spill.
I think we wouldn't need a tax cut if we got rid of the Health Care bill, and stop spending money we don't have. we will be like Nazi Germany soon, Controlled by the Government for the Government, and all your money will be controlled by the Government, Please America Wake up.
Interesting point of view. Yes, there are simularities with with the total control enacted by Nazi Germany and modern day China as well.
BTW.....Taxes are too high
One of the reasons taxes are so high is because 40 million US citizens do not pay ANY taxes. Indeed, below a certain income level filers claim the "earned income credit" that entitles them to tax refunds greatly exceeding the amount they paid in.
The other reason taxes are so high is Congressional spending which is completely out of control.
Taxes will remain unfair until we eliminate the IRS and enact a 'consumption tax'. This would tax everyone pays based on their purchases, not their income.
Doing so would encourage Congress to enact laws that stimulate business and create jobs. (ie..the more jobs the more tax revenue).
Will Congress every enact such a law? Probably not....citizens who pay nothing in taxes will be up in arms. (they will call it racist and unfair)....
Liberals would not be able to 'redistribute' the wealth, and politician's efforts to legislate our behavior will be greatly curtailed.
Don't know who will see this.....just had to get it off my chest.