First, if Congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. A typical middle class family of four will see their income taxes rise by $2,200. We can’t let that happen. Our families can’t afford it, and neither can our economy.
The second option is better. Right now, Congress can pass a law that would prevent a tax hike on the first $250,000 of everybody’s income. Everybody. That means that 98 percent of Americans and 97 percent of small businesses wouldn’t see their income taxes go up at all. And even the wealthiest Americans would get a tax cut on the first $250,000 of their incomes.
We need a few Republicans in the House to agree to extend a tax cut on the first $250,000 of income. Since this is the first $250,000 of everyone's income this is a great deal. The tax is only on the part of income you make that is over $250,000.
If you think this is a good idea, then call your Representative, particularly if he or she is a Republican. Tell them them pass this thing.
This is one of those times where calling your Congress member really matters. So take part in your government and make that call.
I think it is a bad idea. The tax increase on the rich will not do nearly enough to balance the budget. We need to increase taxes on the middle class too.
On top of that, let's implement a European-style value-added tax.
We're about to test whether or not the frog in that pot of water on the stove slowing climbing to a boil, tries to jump out when the first bubbles break the surface.
I hope you all are talking to your Representatives.
maxdancona wrote:I hope you all are talking to your Representatives.
I haven't talked to my Rep. in years.