First and foremost, any and all who insist that failing to extend all the tax cuts amounts to a tax "increase" should be forced to explain why the Republicans who enacted the tax cuts put an expiration date of 2010 into the law in the first place. The resulting efforts would probably be amusing. If nothing else, it would serve as a reminder of the fact that it was the Republicans who wrote and passed the laws by which rates are scheduled to return to late 20th century levels starting next year.
Beyond that:
1. An extension of the tax cuts for the first $250,000 of income would be a tax cut for everyone subject to income tax.
2. Granted, it won't be as big of a tax cut as some would like for those with incomes greater than $250,000. To those who insist that income above a given amount be treated the same as income below that amount, one might reply that such "equality" is inconsistent with the cap on income subject to payroll taxes.
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