Quote:
Originally Posted by _Richard_
i'm confused. that article is talking about extending tax cuts that bush put into place in 2001, with the expectation the rates would rise again. tax increases in a recession is bad business, so the debate is whether to leave the rates the same.. for the upper tax bracket
no?
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No. The tax cuts that bush gave to all tax payers had a 10th expiration to appease the left at the time and avoid a big battle.
Obama, in a foolish attempt at class warfare, attempted to keep the tax cuts for everyone except those who pay the most in taxes. Foolishly thinking the rabble was now large enough to push his class warfare forward