There was never a question of extending tax cuts for those with earnings under 250,000. The issue is in not taxing those at 250,000+ at the normal rate.
So the idea was that you get the benefits of this 2000 that you quote, PLUS the increased taxes from the wealthy. On 18 April 2011 15:46, Sam <[email protected]> wrote: > > 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? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336394 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
