So the middle class could continue getting a tax cut come January. This tax cut saves the average family over $2,000.00 a year. The only thing standing in the way of this continued middle class tax cut, is Republicans insisting that the rich must get more tax cuts.
John Boehner’s recent counter offer to the White House where he demands extending the Bush tax cuts to America’s richest 2%, explains this perfectly.
“One of the reasons Tuesday night’s conversation between President Barack Obama and John Boehner did not go well was because the GOP House speaker sent the White House a fiscal cliff proposal calling for a permanent extension of Bush-era tax cuts for all Americans, including for incomes in the top 2%, a Democratic source said Wednesday.
“Democrats took the GOP counter offer to mean that tax reform cannot result in any marginal rates higher than current law, according to the source, who said Boehner’s proposal was a “sign” to Democrats that “Boehner and the GOP are unwilling or unable to do any sort of deal that can pass the Senate or be signed by the president.”
“Democrats favor raising tax rates on wealthy Americans as part of a deal to avoid the year-end fiscal cliff, while Republicans want to extend the Bush-era cuts for all income levels.”
In addition to all the tax loopholes that the rich now enjoy, Republicans are trying to guarantee that they also get a permanent tax cut from the government. And if they cannot continue putting more money into the pockets of the richest 2%, Republicans are more than willing to plunge this economy over the fiscal cliff.
Can you see where their priorities are now?