R
rdean
Guest
If they aren't working why did Barry extend them?
Now that's a good question. Obama wanted to extend the cuts for the middle class only and was counting on consumer spending. Trouble is, the middle class didn't spend and it doesn't take a rocket scientist to figure out why. Much of the middle class was/is living check-to-check thanks to almost four decades of flat wages, to extend the tax cut to them didn't give them more money to spend, it just kept them at the status quo. And the upper income tier with their extension also held the line for investing in creating jobs in America. But that same group invested in companies that were and are doing quite well by directing their growth overseas and creating jobs overseas.
So Obama went 0 for 2.
Bull shit. The reason you don't add a link is because what you say is weird speculation.
Spend a minute and go find out the fucking truth!
Senator Reed objected, noting that the Republican plan to permanently extend the Bush tax cuts gives the wealthiest Americans a $700 billion tax cut that is also not offset - and, unlike the employment benefit, would not expire.
Senate Republicans stepped up the pressure on tax cuts this week by signing a letter pledging to block all legislation on the floor until Congress resolves how to fund government for the current fiscal year and extend the 2001 and 2003 Bush tax cuts, now set to expire on Dec. 31.
Senate GOP says no Bush tax cuts, no unemployment benefits
WASHINGTON — President Obama announced a tentative deal with Congressional Republicans on Monday to extend the Bush-era tax cuts at all income levels for two years as part of a package that would also keep benefits flowing to the long-term unemployed, cut payroll taxes for all workers for a year and take other steps to bolster the economy.
Obama and G.O.P. Agree on Tax Cuts - NYTimes.com
By the end of this month 2 Million people will lose their Unemployment Benefits. And that is not counting the 99ers that have been living without unemployment for awhile now.
The GOP and some Blue Dog Dems are holding these people hostage to get Obama and the Congress to pass the Bush tax cut extensions for everyone. Obama and the Democratic Congress, minus the Blue Dogs would like to extend the cuts for the 98% that make under $250,000 a year.
The Republicans are saying that the tax cuts for the rich will help in job creation but the rich have had these cuts for about 10 years and there has been the greatest job losses since the Great Depression.
GOP Holding Unemployed Hostage to get Bush Tax Cut Extension
HOW DO PEOPLE FORGET SOMETHING THAT JUST HAPPENED A FEW MONTHS AGO? HOW IS IT POSSIBLE?
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