Tuesday, June 22, 2010

Will tax cuts on the middle class expire?

It seems that the Democrats' answer to everything is more regulation, bigger government and more spending. They spend hundreds of billions of dollars, and their lust for spending never ends.

Democrats--Barack Obama in particular--swear to us that only the "rich" will see tax increases--implying that the rest of us will not be affected. Anyone with half a brain knows that his is a bald-faced lie. Increasing federal debt affects us all regardless of what the government does about taxes.

And although President Obama has suggested making the Bush tax cuts on the middle class permanent, House majority leader Steny Hoyer now suggests that making such tax cuts on the middle class permanent may just be too costly considering the huge national debt (debt for which the Democrats are primarily responsible)!

The Bush tax cuts are scheduled to expire at the end of this year. If Democrats retain the House and Senate, my guess is that the tax cuts will be allowed to expire regardless of President Obama' promises not to raise taxes on the middle class.

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