Thursday, December 23, 2010

The Tax Deal

One reason I have not written a post for awhile is that I was really disappointed with the tax compromise Obama made with Republicans. It is well established by now that the wealthiest Americans are getting a bigger and bigger piece of the pie under Republican policies, and continuing tax breaks for the richest of them just doesn't make any sense.

For me, the problem boils down to this: The deficits that we are running up now are similar to a credit card balance. At some point, someone will have to pay for them. And my question is, who will pay for the extra deficit we incur because the richest 2% are getting a tax break they do not need? I understand that the same could be said of any of the tax cuts, but couldn't we have started to get back to a reasonable financial state by taking a little back from the people who have benefited the most?

That said, events of the last couple of weeks have surprised me, in a good way. The tax cuts passed, and also DADT repeal (a huge deal)and the 9/11 first responders health care bill, and the START treaty was ratified. Republicans have come to the table, for the moment, and now the Senate is talking about changing the filibuster rules.

Life goes on. Obama and the Democrats disappoint me sometimes, but they are still the good guys in this fight.

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