Today House Republicans vote against extending Bush tax cuts for middle class

[lord007]

Let's be clear here they are not tax cuts..shiat is just staying the same

[Danzig]

Originally Posted by lord007

Let's be clear here they are not tax cuts..shiat is just staying the same

that is incorrect.

the tax cuts, if not extended, will end. thus, a tax increase is looming. see, the senate already said they will not vote to extend the tax cuts on the wealthy-which means that the republicans in the house have decided if the rich can't get to keep their cuts, no one can. house dems had already passed a measure to keep the cuts in place for everyone except those making over a quarter million a year.
so, with one vote, republicans have gone against what a sizable portion of their constituents wanted....but that sizeable portion of voters doesn't equal the sizeable portion of $$$ coming from the wealthy-so they voted their pocketbooks. but, that's fine. as i said before, i'd rather they all end. the wealthiest are already paying less taxes now than in any time over the preceding 80 years.

[Riot]

Originally Posted by Danzig

that is incorrect.

the tax cuts, if not extended, will end. thus, a tax increase is looming. see, the senate already said they will not vote to extend the tax cuts on the wealthy-which means that the republicans in the house have decided if the rich can't get to keep their cuts, no one can. house dems had already passed a measure to keep the cuts in place for everyone except those making over a quarter million a year.

Just to add, that those making over $250,000 a year still retain these tax cuts everyone else does, on all funds less than $250,000 a year. It is only funds over $250,000 income that will have a tax increase.