The Angry White Guy

“Tax Cuts for the Rich” rebranded “Middle Class Tax Cuts”

Posted July 25th 2010 at 7:46 pm by AWG

Democrats to Propose Extending Middle-Class Tax Cuts

Senate Democrats will soon advance a plan to make permanent President George W. Bush’s 2001 tax cuts for middle-class Americans earning less than $200,000, but let the tax breaks for the wealthiest Americans expire, two Senate party aides said Tuesday. They will also propose to reinstate a 45% estate tax on individuals for the next two years.

Oh hell no – Obama and every damn Democrat have been calling the Bush Tax Cuts… “tax cuts for the rich” since the day Bush signed them they never-ever mentioned tax cuts for people making less then $200,000 in fact they’ve painted them ONLY for the rich so not only does the truth come out they have now figured out when push comes to shove that raising taxes ACTUALLY hunts the economy – WOW who would have thunk it?

But as always the Democrats are laying a trap for the GOP…

Democrats are betting that Republicans will once again take up a legislative battle on behalf of the wealthy. “Republicans are going to have a real choice ahead of them,” says a Democratic aide. “Are you for extending these tax cuts for middle-class families or are you against them because you want to protect tax cuts for the wealthiest 1% of Americans?”

First of all two-thirds of the so-called wealthiest American are small business filing as a sole proprietorship’s on their personal 1040 – they are not wealthy, they are not rich and after all the overhead and taxes they are not even middle-class. I know a lot of small business people that make over $250K per year but that is in gross sales, now deduct about half of that for goods and services, now deduct contract labor, insurance, fees, permits, licenses, utilities, maintaining equipment, building cost, taxes and taxes and taxes etc etc etc and a lot of these guys are lucky to make $25K-$30K take home a year but they are being taxed at the highest “rich guy” rate and being labeled as evil by this administration.

90%…. 90% of all jobs are created by small business and this moron in the White House is doing every damn thing he can to kill small business. Raising taxes in this economy along with all the changes in the tax laws next year is going to be devastating to business.

As I’ve said a hundred times we do not need to raise taxes on the few – we need to tax the 47% of American that are currently not paying any taxes at all, they need to have some skin in the game. The people that have money i.e. the so-called rich are the very people the invest in business, expend business and hire people. No one ever got a job from a poor person and if Obama has his why we’ll all be poor. Currently we have a consumer based economy and we need to move away from that and get back to becoming a production based economy. I don’t need to remind you that when Reagan cut taxes after second worst President ever Jimmy Carter the economy took off and receipts to the government sky rocketed – now the worst President ever Barack Obama wants to raise taxes in a sinking economy – the man is an absolute idiot if not purposely killing our economy.

Some Democrats side with Republicans, distance themselves from Obama on extending Bush tax cuts

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