Hot off the heels of passing a bipartisan tax compromise, Vice President Joe Biden said the administration will hold the line when the tax cut rates expire in two years.So if it was wrong to not raise taxes on the supposedly evil "rich," then why did this Regime decide against implimentation of the Obama Tax Increases, which were scheduled to ring in the new year? I mean, you can't have it both ways. Belive me, if you live in places like New York or areas of California, $250,000 a year ain't rich.
"That's why I think I felt confident in being asked by the president to negotiate a deal of taxes that the equities and the economic imperatives will be to not extend the high-end tax cut that will cost 700 billion dollars over 10 years," Biden said Friday on ABC's "Good Morning America."
By then he said Americans will look objectively at spending and see the need to make cuts. The plan recently passed through Congress extends the Bush-era tax cuts for all income levels, including families making over $250,000 a year. The White House wanted an extension only for those making below that level.
What offends me more than this doublespeak is how Bite-Me, Obama, and all the other liberals don't give a crap about adding to the deficit, except when it comes to giving taxpayers some of their hard earned money back. Raise the issue of more tax cuts, and liberals become worried about the deficit. But when it comes to Obamacare, earmarks, the stimulus in name only--they look at the American taxpayer like some money tree they can shake down whenever they feel like it.
Let's just hope the average American hasn't tuned all this out in 2012.