We can’t get my preferred option through the Senate right now. As a consequence, if we don’t get my option through the Senate right now, and we do nothing, then on January 1st of this — of 2011, the average family is going to see their taxes go up about $3,000.
Hold it. There it is. After telling the American people for the last few years that the bush tax cuts were for the wealthy, President Obimbo finally acknowledges the truth – everyone paying taxes (and some who don’t – think about the refundable tax credits) benefited when the Bush taxes passed and would be harmed if they were allowed to expire. I don’t know about you, but I consider $3000 a year to be a pretty significant chunk of change, and I can’t afford to lose it. So when he and other Democrats talk about the “Bush tax cuts for the rich”, they were lying to the American public in an attempt to gin up a bit more class warfare.
And remember – it wasn’t too long ago that the president and his congressional minions were talking about letting the entire tax cut package expire. So when, exactly, did preserving that $3000 tax savings become a priority for him?