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View Diary: Obama should veto any 'Gang of 12' plan that doesn't effectively repeal Bush high-income tax cuts (167 comments)

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  •  Excellent Idea (0+ / 0-)

    Actually McCain back in 2001 wanted to give everyone a rebate of $300 which was the 5% of the first $6,000 of income representing the insertion of the 10% bracket.  That would be and should have been the ONLY tax cut.

    This would have cost $40 Billion and if you are running a $250 Billion Surplus you could have given this back and still made plenty of debt payments.

     

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