So, our poor overworked representatives cobbled together a last minute bill to stop our taxes from going up early this year. Big damn whoop. That’s how they keep themselves in their jobs – coming with last minute stop-gap measures and kick the can down the road. From Fox News;
For the near-term, it appears a tax hike will technically go into effect on Jan. 1, as the midnight deadline was missed. In total, $600 billion in tax hikes and spending cuts are scheduled to hit in the new year unless and until the legislation is finalized.
But the goal in Washington is to produce a bill that could patch up the problem in the coming days, sparing most Americans from any major or lasting blow to their paychecks.
The bill now goes to the House side, where its chances are unclear. The House is expected to come back into session at noon on Tuesday.
Senate leaders, though, hailed the deal as an “imperfect” but vital solution to the fiscal crisis.
But, wait, wasn’t the Bush Tax Cuts just for the wealthiest Americans? How could the expiration affect all of us? Members of Congress are proud that they’ve saved Americans some of their own money. Many of those members of Congress did nothing to stop the Clinton tax hikes from going into effect back in 1993 – because this hoopla is all about not bringing back the Clinton tax rates.
And, oh, by the way, the reason the economy is in the shitter is because Congress keeps kicking all of their cans down the road. Who wants to expand their business and hire more employees when no one knows what the future looks like. The Senate hasn’t passed a budget in how many years? It seems like every year we go through this tax hike thing, and then there’s the Obamacare blather, and even though it’s been passed, no one has read it yet.
Our economy is being held hostage so the politicians can justify their jobs.