More conservative tricks on the way

[proud2BlibKansan]

Wichita, KS - Today's US Senate agenda holds a pair of votes, one on a proposal to extend all expiring Bush era tax cuts on individuals with incomes of less than $200,000 a year and married couples making less than $250,000; the other to renew them for all tax filers with incomes of less than $1 million.
These are practical bills in light of the current deficit worries of some. They would tax the rich and keep some extra money in the pockets of the poor and middle class. But Americans who like to make bets on such matters succeeding or not would be wise to bet against passage of either option.

Led by Sen. McConnell, their arrogant minority leader in the Senate, Republicans plan to circumvent sanity and prevent passage of both bills to further the interests of the superrich individuals and corporations such as the Koch brothers. As if the pockets of the superrich needed even more bounty in their pockets and treasure chests.

Americans cannot possibly be thinking about what they read and hear. "All those people out there in the tea party that are angry about the economics of Washington, they really need to look at this," Sen. Claire McCaskill., D-Mo., said Friday as Democrats took turns pummeling Republicans. "They need to pull back the curtain and realize that you've got a Republican Party that's not worried about the people in the tea party," said McCaskill. "They're worried about people that can't decide which home to go to over the Christmas holidays." (David Espo, AP, Dec. 4, 2010)

It has been proven repeatedly that cutting taxes on the wealthy makes few jobs, nothing like this country needs to absorb the hundreds of thousands unemployed and underemployed now. Even the much-vaunted Reaganomics did not "trickle down" to the middle class and the poor. When President Reagan's heralded tax cuts went into effect, only the wealthy benefited enough to count. The tax rate of the superrich was 75%. Reagan cut their rate to 50%. WOW!! Today their rate of income tax is at most 39%. During the eight years of Reagan's presidency the savings of the superrich rose dramatically over 10%; the savings of the middle class only increased, at best, 4%.

more . . . http://www.kansasfreepress.com/2010/12/more-conservative-tricks-on-the-way.html

[COLGATE4]

1. And yet the idiots drool as they nod their heads in wise agreement

with the vile crap spewed at them daily by Fux 'News', Rush, Beck and the rest of the RW echo chamber. "Soros - well, that Jew is the problem. Him and them damned Illuminati. I know it's true because Glen said so and, you know, he can't tell lies on TV. Pass me another Bud, woman".

[no_hypocrisy]

2. If tax cuts for the rich produced jobs, where are they NOW????!!!!

[glinda]

5. China

[KharmaTrain]

3. This Trap Was Set in 2003...

When these payoffs to the rich were passed in '03, the boooosh regime had the votes to make them permanent and held back. They did so deliberately...so it would sunset after booosh wsa gone from office and one of two things would happen. If he was succeded by a rushpublican, they'd push the cuts further down the road and use it as a campaign issue to beat up on "tax and spend" Democrats. Or, if there was a Democrat in office to leave a major mess he/she would have to deal with and they could use as a campaign issue to beat up on "tax and spend" Democrats.

The Democrats saw this thing coming...President Obama made it a major issue in the '08 campaign and yet here we are at the 11th hour and this administration now finds itself in a box as if they allow the "cuts" to expire they'll get lambasted by the corporate media as being inept, uncompromising and "tax and spend" while if they compromise they'll piss off an already frustrated and irate base.

[proud2BlibKansan]

4. ...

:thumbsup: