Cut the tax cut for the rich

I just watched an hour long documentary on poverty in America. Not the people the fat cat republican Senators claim to be "living high on the hog", uninspired to work because unemployment is so appealing and such an easy life. Real life people working minimum wage jobs. Genuinely struggling- on every front- to have a place to live, to be able to feed their children, and to have a job that can support their families.
To know that Wall Street hacks saw fit to take their big bonus money- even in the year they took Federal Treasury money to bail them out, is to reach the last straw.

I dare any Senator to go live in the places I just watched in the documentary. An old trailer with no running water. A grandmother's house with 14 family members living under one roof in a very small house, on a very small Social Security budget. A single parent with two small children living in a car in the extreme winter months in Ohio. All those people living on the edge with small children, all seem to say the same thing- the kids get fed first, the kids needs are always at the forefront.

So now that ending the Tax Cut for the rich question is on the table, I want to scream YES. When did this nation become so selfish & careless? If you are fortunate enough to be making over $250,000 a year, then you can afford to be pitching in a greater amount.
Anyone profiting from the military industrial complex ought to belly up & pay for it. Same as those who are big oil profiteers (like the Bush family).... it looks like we have a little problem on our hands re the oil situation.

Because the "small people" always pay a disproportionate amount of income to taxes, it is time those most able to contribute pay their fair share.  Stop whining that you think someone on unemployment is getting free money. Realize that although the COBRA insurance gap program exists, it is mostly unaffordable for those without work. No work. No healthcare insurance. No easy life.

Although former president Bush called the ultra wealthy his "base", his tax cut for the wealthy was off base. Wrong & stupid as most of his policies were.  In the end, he was the one that came pleading to Congress to fix Wall Street because the floor was dropping out from the greedy & risky subprime mortgage mess.  The tax cuts for the rich are set to expire- but already there is clamor-- that they must sell it to the GOP, to let expire the tax cut for the very wealthy, but install a tax cut for the middle & lower income people.

Seriously? Let me share with them a secret--- it's an election year.  You think the general public is in favor of letting taxpayers making a quarter million or more, deserve more tax breaks?

The only reason this is a hard sell is because so many in the Senate are that wealthy.
They have a personal conflict of interest. But that is not the majority of We the People.

The median household income in the United States is $46,326


That means it would take the average American 10.7 years to make the bonus money of one Wall Street worker's annual bonus.  More than 20 years to make bonus plus salary- for 1 YEAR of your average Goldman Sachs employee. 


So yes, please tax the hell out of the $250,000 & above crowd. 
They all yammer about generational theft-- start paying down the National Debit oh you with lots of cash. 
It is about caring for & about your country in meaningful ways. 
We need to get real with budget issues. 


Meanwhile the old coot from  Utah has this to say:

"We are eager to oblige our friends on the other side of the aisle who want to have this debate," Sen. Orrin Hatch (R., Utah) said in a statement Sunday. "This is about stopping a job-killing tax hike on small businesses during tough economic times."

Job killing? Someone please tell the Senator that ship has already sailed, back when Bush was in charge & the economy tanked. 

About 2% of U.S. households earn more than $250,000 annually, according to recent statistics. 

To answer the question when did the Bush tax cuts begin....
Bush-era tax cuts -
* The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)
• The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)
• The 2008 stimulus package, and a series of annual AMT patches — enacted since 2001. 

Together, the tax cuts account for $1.7 trillion in extra deficits in 2001 through 2008, and $3.4 trillion over the 2009-2019 period. Finally, we added the extra debt-service costs caused by the Bush-era tax cuts, amounting to more than $200 billion through 2008.

The point is, the "haves" have had a huge tax break for almost a decade. The "have not's" are suffering & in dire straits. 

This should be an easy thing for Congress to do. Because the voters are mad as hell & not going to take it anymore. For instance, the UK had the balls to impose a 50% tax on bankers with big buck bonuses, during a time of financial crisis. 

Bottom line: The GOP extension of Bush tax cuts would add $3.4 Trillion to the Deficit. 

These are the people calling for fiscal responsibility. That loathe the concept of generational theft.  The debt & the deficit are already causing a lot of pain & suffering right here in America, right now. 
A trillion dollar debt will financially strap many generations to come.