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Edited on Thu Nov-11-10 07:37 PM by Kurt_and_Hunter
First, there is no chance whatsoever that people making under $250K will see a tax hike next year. Zero chance. Taxes can be cut retroactively. So the idea that the common man will actually pay a penny more in income tax will go up is foolish, unless we assume that the Republican House will not renew the cuts in 2011.
So we are talking about politics, not policy.
Okay... let's look at the politics. In December the lame duck, still heavily Democratic House of Representatives passes a law extending the current tax rates for income under $250K. (Pelosi can force that in about 24 hours if she choses.) The bill says nothing whatsoever about any other taxes. The Senate would refuse to take up that bill. The Republicans and like-minded Democrats would block the bill.
So a bunch of RW a-holes in the Senate stage a stunt to block consideration of (or a final vote on) a bill giving 98% of Americans a substantial tax cut.
And we have the President of the USA on our side, with his ability to command attention and shape the national dialogue... and yet we cannot get the better of a political situation where Republicans try to force an increase of 100% of people's taxes. (Using arcane procedural tricks, no less.)
Seriously? We cannot win that situation?
Wow.
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