Tuesday, October 19, 2010

Republicans Want Tax Cuts for the Wealthy But at What Cost?

How do the Republicans propose to fund huge tax cuts for the super rich? Will they cut Social Security, Medicare, education spending, etc? They want to extend the Bush tax cuts for the wealthy but left out the part about how to pay for such huge cuts.

At least Obama spells out what he intends to do. He wants to extend tax cuts for the middle and working class; however, people making more than $250,000 per year would get a tax increase.

Let’s get real here. Wealthy Americans do not pay their fair share of taxes. With all the tax shelters and loopholes out there, they get away with paying a small fraction of the taxes they are supposed to pay.

One last thing before I go: The Republicans want to abolish the minimum wage. Ask some of them what the minimum wage is and they can’t even tell you. They even want to do away with Social Security all together.

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