Wednesday, July 28, 2010

Obama a third Bush term on Taxes

One has to wonder, with some Democrats pushing for an extension that includes those who make over $250,000. I wonder if there is a Democratic senator from a swing state who will go on the talk shows and challenge his Republican opponent on what they are willing to cut in the name of deficit reduction. If Obama cannot raise any revenue with tax increases, what are they specifically going to cut and if his or her opponent says "health care" the Democratic senator should this opponent why he or she is willing to balance the budget on the backs of the working and middle class without asking the rich to make any sacrifices this opponent says "across the board" the Democrat should press his or her opponent to name some of the wasteful programs "across the board" that can be cut.

If the Democrats want to save the country some money, they should let the tax cuts in their entirety lapse and then craft legislation reinstating the tax cuts for those who make $250,000 a year or less. Dare the Republicans to bloc tax cuts for the middle class. Perhaps they'd fold. If they voted to extend the tax cuts for the those making #240,000 or less before the exemptions expire, the Republicans would have the advantage because they'd dare thee Democrats to vote against extending the Bush tax cuts if the legislation included an extension for those earning $250,000 or more.

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