Thursday, November 11, 2010

All About The Bush Tax Cuts

In light of an interview White House senior adviser David Axelrod did with Howard Fineman and Sam Stein of The Huffington Post on Thursday, where he hinted the Obama administration might be willing to compromise on extending the Bush tax cuts -- only to have the White House deny Alexrod's words -- I figured I'd share a link I found from a Twitter follower (thanks, @madlolscientist!) that debunks the 10 lies Republicans peddle most often in arguing for a full extension of those cuts.

The cuts are set to expire on Jan. 1, 2011, unless Congress acts. President Obama and many Democrats have argued for extending the tax cuts for the middle class -- households making less than $250,000 a year -- while letting tax rates for higher earners revert back to Clinton-era levels (you know, back when we had a budget surplus).

Republicans, in all their corporate glory, want all the cuts extended -- deficit ballooning be damned.

So click on this link -- courtesy of Crooks and Liars. Fair warning, though ... it's long, and you'll be swimming in graphs, charts and links. But if you make it through, you will be thoroughly informed and better equipped to handle GOP talking points on this subject.

Oh, and my Twitter handle? @Cowboy_Witch.

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