Friday, March 4, 2011

Bush Tax Cuts for the Rich

I’m sorry, but once in a while I’m going to have to actually be serious, and this is one of those times.

Last night, The Daily Show dealt with an issue I never seem to hear the end of: what about tax breaks for the rich? One argument is about whether people earning $250,000 a year are really rich (especially a single-earner for a family in a place like New York City who have kids going to college). I hear Republicans say, “it’s not like they’re all millionaires,” when talking about whether or not they could afford the tax increase. So then make the bottom cutoff point $1 million a year. Then it is like they’re all millionaires, and it’s a lot harder to defend the tax cut.

Another argument for the tax breaks for the rich is that they create jobs. Fine, so then why not, for people earning over $1 million per year, have a tax form for them to fill out to show that they have created a new job or invested for economic growth with the extra money, or else otherwise they have to pay the higher tax rate? That way, we could actually measure the validity of the argument of whether or not they are really creating jobs with the extra tax breaks, and the issue would be settled for a while.

Is this really too hard for people in government to think of? Maybe they just like to argue and point fingers. And who doesn’t? But my guess is that neither side wants this issue settled so they can both argue it and blame each other without anyone knowing for sure who is correct in their assertions. Then they can all continue to make all the same accusations and such without ever having to think of anything new to say, or ever even having to move on to other topics.

Just remember, in politics, when issues get solved, nobody can argue and point fingers about the issue anymore, and that simply will not do.