Well, if you thought the retroactive vindictiveness of Congress toward bankers was the only thing they are up to these days, you’re wrong. Remember that much-vaunted middle-class tax cut passed as part of the “stimulus bill”?
Democrats are taking that away.
Key Democrats such as the chairman of the Senate Budget Committee, Kent Conrad of North Dakota, said some of Obama’s most ambitious ideas must be jettisoned to reduce the deficit, including extending tax cuts of $400 for most workers and $800 for couples that were approved in the stimulus package.
“We’ve tried to deal with the reality that we confront,” he said. “You have to pay for things. You have to cut things. And that’s what we’ve done.”
Lawmakers also are dropping $250 billion requested for future bank bailouts.
So they are planning on taking away the tax cut for the middle class while still enacting a massive spending increase. As I and many others have warned, it isn’t the “rich” who are going to be paying for this massive spending spree. It is you and I who will pay for it.
Treacherous, aren’t they?
hows congress’s pay raise going to happen?
…Treacherous, aren’t they?… Not really, they are just self-outing Despicable Bastards……