Bob F wrote:
The Congress has known for TEN YEARS that the tax cuts are going to
expire on January 1st. Neither they nor the president have done squat
about it.
This uncertainty is driving the business community nuts. Businesses
HATE the unknown. Without knowing what their tax burden will be next
year, they can't plan. They can't invest. They can't hire.

Sure. Massive give aways to the ultra rich are somehow necessary to
save out economy and balance the budget. That fantasy has been
repeated ad-nasium. It is rediculous.

Democrats wanted to push through the tax cuts for the masses. The
repubs blocked them. Like they blocked everything. Mitch McConnell
has bragged that their most important task is to keep Obama from
being reelected. That means more important than halping the American
economy recover. We can all see what the Repubs care about. It's not
the American people.

The Republicans have blocked nothing. The tax bills causing all the concern
have not come up in the 111th Congress. Several have been introduced,
including some by Republicans, but not a single committee hearing has been
held; not a single mark-up done. Not a fix for the expiring Bush tax cuts,
not a fix for capital gains, not a fix for the AMT, not a fix for the
inheritance tax. NOT A SINGLE ONE has come up for a mark-up, vote,
amendment, or consideration.

It is the Democrats that are blocking tax proposals, not Republicans.

Both the Democrats and Republicans want to get the economy back on track.
The Democrats want to do it with more trickle-down (from the government)
economics, government ownership of banks and auto companies, taking over
student loans, running health care, and more regulations. The Republicans
want to improve the economy by getting rid of Obama.

Differing tactics, same goal.