Republicans and democrats at it again
This article focuses on three issues, the tax cuts, government funding, and the republicans versus the democrats in the lame duck senate. Republicans threaten to vote against any bill brought forth by the democrats unless the tax cut issue and government funding issue are resolved. The democrats have offered to pass the tax cuts but only for those making 250,000 or less, the republicans say that's not enough. So neither side seems willing to compromise or work together.
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It is interesting that this issue remains. Almost everyone wants the extension for those making less than $250,000, yet the Dems and Republicans can't get together to at least extend this much.
Furthermore, the tax break is actually for everyone, not just those making less than $250,000. The tax break is on all income up to $250,000. Thus, everyone receives a tax break if it passes. Yet, if nothing is done, everyone's taxes go up. Hence, even those making $250,000 on up will be worse off if nothing is done than they will be if the bill passes.
Are we leaving logic at the door when discussing this topic???
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