Ever since Obama’s ascendancy into what we now know as the, Regime of Economic Destruction. It’s interesting to note where Obama stands on the Economic Chessboard.
At the end of this year, the Bush Tax Cuts, are going to expire. Some people like to call these tax cuts, tax cuts for the rich. However, that could not be further from the truth, everybody benefited from the Bush Tax cuts. But as of midnight, 2011, January 1, the tax cuts expire and jump back to their original rates.
A Tax increase would be devastating to our fragile economy. Congress has not done anything to extend the Tax Cuts.
So what’s Obama’s move?
Extend the tax Cuts, or Let Them Expire?
Here’s a thought. If Obama agrees to extend the Bush Tax Cuts, then Obama repudiates his claim that he inherited an economic disaster. Instead, Obama will be agreeing with Bush’s Tax Cuts. For two years, Obama has been saying the Bush’s 8 years in office created this economic mess. But if Obama extends the Tax Cuts, then Obama is saying that Bush was Right.
However, if Obama lets the Bush Tax Cuts expire, which will be the same as a Tax Increase, which will effect every working American. Then, only God knows what will happen.
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Pan Seared Sesame Crusted Ahi Tuna with Jasmine Rice and Saute’ Sweet Snap Peas
[And Yes, It’s Rare Inside]