But aside from the political or economic reasons, there's one really important reason not to rescind the tax cuts as articulated by Rep. Mike McMahon (D, NY-13):
“I think it is a political liability because it’s a [bad] policy right now for the economy and could have a bad impact on jobs,” said McMahon…“A working couple making $250,000 is barely making ends meet,” he said.Ah yes, poor little rich. My heart goes out to the top 2% of earners in this country who are making a minimum of five times that national median income. How will they muddle through if their tax rates are restored to the levels that existed during the greatest economic expansion in our nation's history?
I'm with him. During these trying economic conditions can't we just, for once in this nation's history, look out for rich people instead of everyone else? Think of the children. As Michael Steele told us, "a million dollars is not a lot of money". So just imagine how little $250,000 is. For the sake of our economic and social betters, don't do this.
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