Tax Cuts & the Fiscal Cliff

Let’s return to fiscal news today. Are you aware that the Bush tax cuts—you know, those awful tax breaks that benefit only the wealthy—are due to end in January? If that happens, we will all find out soon enough that they actually were a benefit for everyone. Democrats play politics with this, seeking to extend them only for the “non-rich.” That posture is intended to portray them as for the middle class. What they don’t tell you is that the “rich” include about 900,000 small businesses who, if these cuts aren’t extended, will have to lay off workers. Now, who is this really going to hurt? Republicans, on the other hand, are calling for the cuts to remain in effect for everyone. Trying to get this through Congress, though, will never happen as long as Harry Reid and his gang control the Senate:

Democrats are attempting to woo the moderate Republicans to their side on this plan, but thus far Republicans are holding firm—for good reason:

One thing to keep in mind, however, is that these tax cuts can’t apply to almost half the population. Why?

It’s the producers in society who are being targeted:

And presiding over all this is a man who has expressed hostility toward those producers and has no grasp of how an economy works:

I’ve always enjoyed good oxymorons. Here are some appropriate ones for today: