Sunday, September 12, 2010

Boehner backs tax cuts limited to middle class

John Boehner, House Republican leader, supports tax cuts for middle-class even though he thinks it a "bad policy" to exclude the upper-class from tax relief during a recession. One of President Obama's chief economic advisers is happy that Boehner isn't going to hold an extension of tax cuts for people earning under $250,000/year, or more than 97% of earners to gain a continue of breaks for the wealthiest. Elections are coming up and both parties want to score points with voters who are unhappy with Congress. Democratic leaders want to put up a bill that extends middle-class tax cuts. The argument between Obama and Republican lawmakers focus on tax-cuts and if they can afford to continue President Bush's tax breaks. Republicans want to cut back on government spending to focus on balancing the federal budget. Obama has been leading the charge against Boehner.

http://www.msnbc.msn.com/id/39131165/ns/politics/

In the article it talks about the government controlling their spending and trying to balance their budget, if the government can accomplish this it might be easier for Americans to deal with all the economic struggles that we are going through. I do find it a bit unfair that just the middle-class is getting the tax-cuts, when truly everyone is going through some budget cuts and have to give up some expenses. If Boehner is going to support the tax cut but also think that it is bad policy towards the upper-class, I think he is a bit fickle. True, the middle-class doesn't have as much money are the upper-class. True, the wealthy think the tax-cuts are a bit unfair. Although I can see both of Boehner's sides of the tax-cuts, I think that we need to level out the differences between the wealthy upper-class and the middle and lower classes.

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