GOP says "No". Why? "Just because".
The Party of No has quickly silenced John Boehner after he said something which made common sense instead of spouting the pure party line. Now they are feverishly erecting roadblocks to extending the Bush tax cuts unless they continue the cuts for the wealthiest 2-3% of Americans.
The administration's tax-cut proposal will be a critical $300 billion shot in the arm for millions. The middle class folks who benefit will pump virtually every nickel back in to the domestic economy and actively move us further away from recession. Middle Americans are the people who will buy up the inventories which hopeful manufacturers have begun piling up since July at the highest levels in years. And as those inventories dry up, viola!, production and employment will continue to increase. The other critical component of the administration's plan proposes the most comprehensive tax credits to small businesses ever, with hefty writeoffs for those which expand and hire. This eliminates the concern about small businesses, family farms etc, being penalized by the tax cut ceiling limits. And finally, I submit, the 2-3% whose wallets will be tapped to help bring down the deficit will, in virtually every case, have their lifestyle affected to a negligible degree, or not at all. Will this mean they will decide to vacation in the Alps for only two months instead of three? Will they buy an Audi instead of a Bentley?
So then, for those of you who have been so worried about reducing the deficit, and believe that the administration is doing nothing to blunt the recession or reduce unemployment...What is wrong with exempting the wealthiest from the tax cuts and getting this legislation passed?
If you are going to give answers like these:
"It's discrimination against those who have worked so hard to reach their economic status"; or
"It will fail to stimulate corporate expansion and actually increase unemployment"; or
"it's just more of this damn Democratic socialism";
then may I respectfully request that you present real facts to justify your conclusions.
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