Obama Tax Cuts
A highly inappropriate term for the extension of the Bush Tax Cuts!
In December 2010 the tax cuts were set to expire. President Obama and the Congressional Democrats wanted to let the tax cuts for the richest 2% expire and extend the tax cuts for the other 98%. Also at this time, the federal unemployment payments were set to end. Congressional Republicans didnot want to extend the unemployment benefits because it was "too costly," so they held the long-term unemployed hostage until Democrats extended the tax cuts for the richest 2%!!!
Obviously, the Democrats went along for the sake of the unemployed and to keep the tax cuts for those that actualy needed them. Republicans showed their true colors (caring only for the rich) while the Democrats were again the ones showing fiscal resposibility!
In December 2010 the tax cuts were set to expire. President Obama and the Congressional Democrats wanted to let the tax cuts for the richest 2% expire and extend the tax cuts for the other 98%. Also at this time, the federal unemployment payments were set to end. Congressional Republicans didnot want to extend the unemployment benefits because it was "too costly," so they held the long-term unemployed hostage until Democrats extended the tax cuts for the richest 2%!!!
Obviously, the Democrats went along for the sake of the unemployed and to keep the tax cuts for those that actualy needed them. Republicans showed their true colors (caring only for the rich) while the Democrats were again the ones showing fiscal resposibility!
Some fucking idiot actually called the extension of the Bush Tax Cuts the Obama Tax Cuts!!! WTF?
Obama was opposed to extending the tax cuts for the rich!
Obama was opposed to extending the tax cuts for the rich!
Obama Tax Cuts by Charles_U_Farley January 13, 2011
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