President Obama, the Democrats, and the Republican party are setting Americas future generations up for an economic disaster. America is still in the midst of one of the worst economic recessions since the depression of 1929. Cutting taxes in times of record budget deficeits, and overall global economic downturn, is bound to come back and hit the American economy in a negative way at some point in the future. Everyone in America should pay more taxes, to help the Federal government out of this trillion dollar budget deficeit. Tax cuts now, is nothing more than a political gimmick that the Democrats and Republicans are submitting to the American public.A dangerous gimmick at that. We have been trying to give Americas 2% percent rich tax cuts for the past 8 years now and it has not produced any new Jobs. These rich people are not trickle downing the money that they are saving from these tax cuts for the rich. Trickle down economics is a big lie. It does not work. What we need is a direct stimulus payment to every tax filing American taxpayer. That will stimulate the economy right away.! A $10,000.00 payment to each and every tax paying American.