The incongruity of extending tax cuts to those who least need them…”Republicans, as we told you, want to extend the Bush tax cuts for those families making more than a quarter million dollars. Democrats, we have reported, only want to extend the tax cuts for those making less.
But as the president pointed out, even if Democrats win, the rich will still get a tax break on their first quarter million, which means the gripping detail is really this: Democrats want to cut everyone‘s taxes. Republicans want to cut taxes on every dollar earned above a quarter million.”
David Cay Johnston discusses.
