DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Tax Deal: GOP to allow unemployment checks to resume in return for tax cuts for rich

**CorpoRasion** · 12-07-2010, 01:41 AM

Well, Obama made his position pretty clear in the speech he gave. He personally opposes additional tax breaks for the wealthy and he opposes moving up the estate tax threshold for the wealthy. But Republicans made it clear that they were willing to force taxes up for everyone and they already cut off unemployment extensions until they got tax breaks for the richest 2% of the country, which has grown much wealthier over past ten years.

As he positioned it, middle and lower class tax increases and a cutoff of unemployment payments is unacceptable collateral damage, but those people are being held hostage by the GOP until the rich can be given a bailout that they don't need. The only way to avoid further damage to millions of Americans was to give in to the GOP's demands.

12-07-2010, 01:41 AM	#4
CorpoRasion Join Date Oct 2005 Posts 411 Senior Member	Well, Obama made his position pretty clear in the speech he gave. He personally opposes additional tax breaks for the wealthy and he opposes moving up the estate tax threshold for the wealthy. But Republicans made it clear that they were willing to force taxes up for everyone and they already cut off unemployment extensions until they got tax breaks for the richest 2% of the country, which has grown much wealthier over past ten years. As he positioned it, middle and lower class tax increases and a cutoff of unemployment payments is unacceptable collateral damage, but those people are being held hostage by the GOP until the rich can be given a bailout that they don't need. The only way to avoid further damage to millions of Americans was to give in to the GOP's demands.
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