Tax Cuts Forever?

[sasha031]

Source: The Nation


If you line up the events of the past two weeks in Washington with the statements made by politicians about them, it's more or less impossible to make sense of the deal struck between the White House and Congressional Republicans, which would extend the Bush tax cuts for two more years and unemployment benefits for thirteen months, with some additional stimulative tax cuts thrown in.
And yet, amazingly, these same Republicans (and a few conservative Democrats), who love to offer lectures about the necessity of shared sacrifice, also spent the week demanding that all the Bush tax cuts be made permanent, a policy that would increase the debt over the next ten years by an astounding $3.3 trillion. Occasionally, you would find politicians oscillating madly between these two positions in the same paragraph or media appearance, reaching its reductio ad absurdum with a blog post about Kent Conrad's views on the matter that George Stephanopoulos headlined: Sen. Conrad: Extend All Tax Cuts; Time to Get 'Serious' About Deficit.

Read more: http://www.thenation.com/article/157016/tax-cuts-forever

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[Jefferson23]

1. Oh stop it, the oligarchs need this financial protection, they fuel the economy, they

are our life's blood...get with the damn program already.

[Jefferson23]

2. From the OP: What Republicans do care about is defending the incomes of the country's wealthiest...

That is all folks, at least the Republicans are consistent, now the W.H. joins them.

Got to love that bi-partisan group think!

[gratuitous]

3. If the wealthy's tax cuts are extended even one hour, they'll be permanent

If we can't ask the overrich to shoulder a fairer share of the burden now, we will never do it. But we'll be treated to this nauseating spectacle every two years, so there's that. But as far as actually asking the people who benefit the most from this society to pay for it? Not gonna happen.