Thursday, December 2, 2010

Middle Class Tax Cuts Passes

Today, Congress passed the legislation needed to renew tax cuts for the middle. I was shocked to here that it was the Democrats that actually voted too pass it, and all but three Republicans voted against it. The reasoning behind this apparently is that Republicans are holding out on tax cuts to all Americans until additional tax cuts are awarded to Americans with an annual income of $250,000, or the top 1% of the richest Americans. I find it terribly unjust that the entire middle class is being punished by the GOP in Congress just because they want to keep the richest people in happy. Its not even like the top bracket of income earners would not get anything out of the deal; their tax cuts are being renewed as well. They are demanding an additional bonus to that. Is this what Congress has come to? It seems to me that the GOP are just bluffing to threaten these tax cuts to get the Democrats to bend to pass the bonus so that taxes for the entire country do not go up. In this time when America is trillions of dollars in debt, is it really necessary to make the multi-multi millionares and billionares even richer? Seriously. Why not just look out for the general welfare of our country as a whole?