Current Events — HabitableZone

Current Events » in reply to Re: Wow, congressman Peter King says

Re: Wow, congressman Peter King says

We "examined" the issue for many months. Nobody's going to "examine" it now because the right party is holding the Oval Office. Please note the deafening silence on all the other issues that were so important back when Bush was president.

Yeah, I did enjoy the tax cuts. When Obama was talking about extending them only for the middle class last year, the Democrats had to finally tell the truth about the "tax cuts for the rich." Over the next ten years, extending the tax cuts across the board was estimated to leave $3.7 trillion in the hands of those who earned it. Extending only the tax cuts for the middle class changed that number to $700 billion. In short, $3 trillion - about 80 percent of the tax cuts - was for taxpayers making under $250,000. You can calculate backwards to figure out what the middle class got to keep since 2003. I notice there hasn't been a lot of noise on that issue either.

Log in or register to post.

The whole thread (16 posts)

Related discussions