Do you support tax cuts for Americans making more than $250,000?

[Dawgs]

[DesertFlower]

1. no. no. no.

[gateley]

2. No. Just saw on TV where the current "compromise" will add $900 B to deficit in next 2 years.

I was in favor of going with Obama's plan because of my concern for the middle class and most especially those on Unemployment, but we are causing even more dire circumstances for ALL of us in the future if this is allowed to go through.

So what do we do in two years? Borrow MORE money from foreign countries?

NO!

[niceypoo]

3. It is, in essence, a trillion dollar unemployment extension

...most of it going to the rich

[emulatorloo]

13. See CNN link. $383b = tax cuts for middle class and below. $75b = tax cut for top 2%

Rest made up of unemployment benefits, income credits for middle class and poor, tax holiday for workers, etc.


http://money.cnn.com/2010/12/07/news/economy/tax_cut_deal_obama/

[niceypoo]

16. Like I said

A trillion dollar 13 month extension of unemployment.

[emulatorloo]

11. Breakdown here. Top 2% is $75 Billion. The rest of it is stuff we wanted

http://money.cnn.com/2010/12/07/news/economy/tax_cut_deal_obama/

Bush tax cuts: $458 billion. The package would extend the Bush tax cuts for everyone for two years, including two years of relief for the middle class from the Alternative Minimum Tax. The estimated cost would be $458 billion, according to earlier numbers from the Treasury Department.

The bulk of that cost -- $383 billion -- is for the extension of cuts for families making less than $250,000. The rest -- roughly $75 billion -- is attributable to the extension of cuts that apply to the highest income families.

The cost of extending all the tax cuts over 10 years would have been $3.7 trillion.

Unemployment benefits: $56 billion. The package would also leave in place for 13 months the option to file for extended federal unemployment benefits -- which go as high as 99 weeks in states hit hardest by job loss. The White House estimates it would cost $56 billion.

Social Security tax break: $120 billion. The package would also offer workers a payroll tax holiday worth 2 percentage points next year, so that instead of paying 6.2% on their first $106,800 of wages, they will only have to pay 4.2%. The White House estimates the measure would cost $120 billion.

Individual tax credits: $40 billion. The compromise framework would also extend for two years the increased value of a number of tax credits that benefit low- and middle-income tax filers, such as the earned income tax credit, the child credit and a revamped tax credit for college costs. The measure would cost $40 billion, the administration said.

Business tax breaks: Cost unclear. It is still not clear how many business tax breaks are in the package. Some, like an extension of the research and development credit, has drawn bipartisan support and is typically renewed annually. But also included is a new temporary option for businesses to write off 100% of their expenses in 2011. A cost estimate was not immediately available.

[ananda]

4. No. And I don't support two unnecessary costly wars either!

nt

[slackmaster]

5. No, I don't

If I made that much, I probably would.

[young but wise]

6. Hell no.

[Cali_Democrat]

7. No. n/t

[tickledropstop]

8. No friggin way

[ZombieHorde]

9. Nope. I also don't support the war on drugs and the war on Iraq and the war on Afghanistan. nt

[CakeGrrl]

10. No. And neither does the President. n/t

[SkyDaddy7]

12. YES! I agree.

[texastoast]

15. Did you mean "And neither DID the President"

When he was campaigning, 'cause he surely seems to be supporting them now.

[CakeGrrl]

17. No, I meant DOES. And he explained the circumstances.

And if you want to ignore that explanation and close your mind to the reality of dealing with the shitstorm of political maneuvering that happens with jackass Republicans, that's your prerogative.

[jwirr]

14. I voted no but that does not mean that I think we will be able to change

anything. We should get as much out of this as we can.

[Kaleva]

18. There should be an option "Don't support but accept it".