Selling Bush tax break rollback: make rich pay share of deficit
A small percentage of the very wealthy benefited big from the Bush era tax break, and a portion of the deficit occurred because 1) they didn’t pay their share, and 2) they scammed the middle class with Wall Street paper shuffling. Now, it is time for them to pay their share.
“Democrats are betting that ending tax cuts for the rich will play in their favor
Raising taxes is usually a perilous move. But Democrats, facing the potential loss of their majorities on Capitol Hill, believe that the strategy will both force Republicans to defend tax breaks for a tiny, wealthy minority and expose GOP hypocrisy on budget deficits.
The cuts, enacted under President George W. Bush, are set to expire in January. Given partisan gridlock in the Senate, congressional aides and administration officials acknowledge that lawmakers could run out of time, leaving virtually every American taxpayer with a significantly higher bill in 2011.”