Michael1942's Blog

The stiff resistance to end of tax cuts for the richest Americans is an issue that is stalemated because the Congressional opponents are “advocating for the people” It appears that this resistance is self serving as  there are at last count 32 Dupublican millionaire members and 18 Scamocrat millionaire members. The lapsing of the tax cuts would raise the taxes they pay. This would also increase the taxes of Americans who make $250,000 annually, this is pretax dollars (before deductions). Yes there will be Americans who will be affected by this lapse but many more lower income folks will benefit. There can always be some discussion as the pros and cons on the effect of this changes but no one can say for sure what the long range effect will be. There will be some individuals who will more affected than others but less than the folks who are way under that threshold.