DEMOCRATS LED the fight in the Senate to draw down from the Bush era financial malfeasance, with Republicans balking on what the American people have said they want, which is that higher income Americans do their patriotic duty to pay their fair share in the midst of tough economic times.
The Senate on Wednesday narrowly approved a plan to preserve tax cuts for the middle class while letting them expire for the wealthy, a powerful if largely symbolic victory for Democrats who have been pushing to raise taxes on the rich for more than a decade. The measure is dead on arrival in the Republican-controlled House, where leaders are preparing to vote next week on their own plan to extend the George W. Bush-era tax cuts for households at every income level through 2013. – Senate passes bill to keep tax cuts for the middle class
The Republican-controlled House wants to mimic the Senate’s vote, which is to continue giving tax cuts to the wealthiest Americans.
As I’ve written many times before, my stance is that all Bush era tax cuts should be rolled back, because our politicians today don’t have the right stuff to trim the Pentagon budget, so they’re use “reforming” entitlements to do what revenue from taxes should be doing instead.