This confuses me:

Thanks to the tax cut extension passed last year, struggling Americans
will get to keep a few thousand dollars that otherwise would have gone
to the government. A family making between $50,000 and $75,000, for
instance, saves just over $2,000 on average, according to the
non-partisan Tax Policy Center. From a broad economic perspective,
that's money Americans can spend on themselves, theoretically boosting
demand, stimulating business activity and generally helping promote a
recovery.

I read:
The government needs the money more.
So they won't have to make cuts to the budget.
But, what did happen makes more sense.

Am I close?



On Mon, Apr 18, 2011 at 3:27 PM, Vivec <[email protected]> wrote:
>
> http://www.huffingtonpost.com/2011/04/18/tax-cuts-rich_n_848933.html
>
> So hilarious. And the only excuse is that these are the people who are
> supposed to 'save' the country and provide jobs. A statement that
> cannot be backed by any facts or projections.
>
> When they push the tax breaks through, and the job rate continues to
> drop, and people continue to be fired, and jobs continue to move
> overseas and major corporations continue to pay minimum taxes...will
> the American people protest and call for those that perpetuated this
> myth to step down?
>
> Hardly likely. It doesn't matter if other countries do not follow this
> lead. If the US economy fails, we're all f***ed.
>
> 

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