So, if they have been the prevailing rates since 2001 and 2003, are we extending tax cuts? No, we're not. We're simply continuing the existing rates.
And, while we're talking taxes, the Congress and the President need to stop saying that tax cuts "cost" the government money. Last time I checked, I, like you, get up, go to work, and earn my paycheck. The government simply confiscates what they want like it's their money. IT IS NOT!
So, let's stop calling it tax cuts, and let's really stop letting the government get away with thinking our hard earned money is owed to them. If it were up to most people, we'd rather keep our money from funding programs to do the crazy things government does (too many have written about that, I'm not going to rehash it). Call your representatives and tell them to stop taking money out of all of our pockets to fund their insanity.
While I share your frustration, tax cuts do cost the government revenue, which in turn, requires fiscal responsibility on it's part.
ReplyDeleteFurthermore, the Bush tax cuts are not permanent, so until they are, they are considered "tax cuts".
My biggest peeve is paying for national entitlement programs. These should be done on a State by State basis according to the needs and funds acquired by the State.