Nancy Pelosi Rejects Extending Bush Tax Cuts for Wealthy

Neither Party cares about the Middle Class. Reagan, froze our wages, Clintion Taxed Social Security, Bush took care of Big Business, Illegals, Anchor Babies, Investment Firms, Obama has spent us into into oblivion. We need a Middle Class Party and we need Lobbyists and we need them NOW!

THE TAX CUTS SHOULD EXPIRE FOR THE TOP 2% ..THE RICHEST IN THIS COUNTRY.. THEY ADDED BILLIONS TO THE DEFECIT UNDER BUSH AND WAS NOT PAID FOR THE.. REPUBLICAN POLITICANS TOLD THE RIGHTIES THAT THE TOOTH FAIRY WOULD PAY FOR THESE CUTS AND THE RIGHTIES BELIVED THEM ..UNDER CLINTON THE TAX RATE WENT FROM 36% TO 39% FOR THE 2% RICH.. TAXES FOR THE MIDDLE CLASS WILL NOT GO UP ...IF THEY DON'T EXPIRE GUESS WHOSE TAXES WILL GO UP TO PAY FOR THIS ..IT WON'T BE THE TOOTH FAIRY

A metaphor/comparison: Suppose I'm in college, studying hard during the week and weekends. I date little, party little since I want to do my best and am earning straight A's. My roommate just wants a degree. He/she studies just enough to get by, parties during the week, heavy on the weekends and barely squeaks by with C's. Now the administration feels that everyone should be doing equally well - they insist that all those who get straight A's, give up their A's to those who get C's, raising my roommate's grades to all B's and decreasing my A's to B's. Now that everyone is getting B's, we are now all an expanded "middle class", everyone is equal irrelevant of anyone's individual effort. Is that fair?

This Democratic administration has consistently and constantly blamed anything that shines negatively on themselves on the Bush administration. Personally, I don't fully agree or disagree with either party. What I contiune to hope (dream) would happen is that first of all this Obama administration would stop looking for scapegoats everytime an issue is brought up for discussion or criticized by the American people. I might start having a little more respect for this president and his administration IF he and other Democrats would simply stand up for what's right, regardless of which "side" brings it up. For goodness sake, JUST START DOING THE RIGHT THING! There's nothing worse than someone talking from both sides of their mouth and saying whatever seems to be the most "popular" stance of that particular day.

I know that I get up and go to work every morning to earn a living. I am a business owner and provide jobs for those other people who are willing to work. Our paychecks suffer more and more because of those who aren't "required" to work. I'm tired to making the money and giving to others. Obama has done nothing but make lazy people lazier. If there is anyone racist or unfair, it's Obama. Pelosi is nothing more than a butt kisser.
As a united country, Americans need to realize that small businesses are hurt everyday by government. I will admit that the Forbes and Gates of the world for some reason bypass tax season, but I'm tired of being taxed to death. I am in the higher tax bracket, I pay my taxes on time; but I am tired of this Obama way of living.
This is suppose to be a free country - not free for those that Obama sees fit to give everything I work for to!

The number of wealthy tax payers are insignificnt compared to the general population, and increasing their tax burden will hardly make a dent in reducing the budget or the national debt. With today's inflation, $250,000 is getting pretty close to an upper middle class salary. The real government income comes mostly from the great middle class taxes. "Tax the Rich" is a great political statement, but will not balance any budget.

Yes Nancy, let's tax the heck out of them. Let's bring back the inheritance tax also. These things need to be done. All of the extra taxes from this will go directly into Social Security for retirees and nothing else. They have put in their time and earned it. We also must drug test every person on food stamps and welfare. Americans earned this money that is taxed with our good, honest, hard work. The least they can do is stay clean when they spend our money.

Phil; Here it is for the last time. The Regan tax cuts in 1980 increased the income tax from 244 billion to 446 billion, that is an increase of 83% (sorry not 100%). That comes from the Gov. own Congressional Budget Office. Also the top 1% of wage earners, they added a 51% INCREASE TO THE TREASURY. When Clinton raised taxes the top 1% revenues DECREASED but I don't have an amount. It's not a myth it's fact, look it up. Don't bring a squirt gun to a gun fight. Is there anything else that you "believe" that I can shoot down. If you say something that is factual (not feelings) or I agree with I will admit it. I respond to logic, history, what works and what doesn't. Not what party to attach myself to. When someone in this administration does something right I will give them credit, I'm still waiting.

jskul, lol. you don't get it. If the lower income people get the money first, it goes into the economy since they spend the money right away. The wealthy don't necessarily spend it immediately. But either way, the money gets to the wealthy anyway by the lower income earners shopping at Walmart which will increase the earnings of Walmart and to their investors. The other fact is that the additional amount of tax that someone whose income is $350,000 would be about $4,000, in addition to what he would have paid the year before. Included in that are the tax advantaged plans of the higher income earners who can pay pre tax dollars into plans that will decrease their taxable income. If you are a high income earner, you need to learn how to keep the money. There are ways even if they increase the progressive tax rate.

The rediculously low taxes that are paid by the top one % are doing nothing more than creating a new American Aristocracy. These people don't have time to deal with the money they have let alone create new businesses with the added savings they are just milking the rest of us, for as much as they can take, then using it to influence our politicians and the ignorant people that are foolish enough to vote for the interests of the super rich over their own best interests.