
Almost all federal income taxpaying Americans will experience a tax hike if Democrats bock extending the Bush tax cuts. In a clear signal he does not get the message sent by voters on November 2nd, President Obama thinks your paycheck really belongs to the government and "we" can't afford to let you keep so much of it.
But at a time when we are going to ask folks across the board to make such difficult sacrifices, I don’t see how we can afford to borrow an additional $700 billion from other countries to make all the Bush tax cuts permanent, even for the wealthiest 2 percent of Americans. We’d be digging ourselves into an even deeper fiscal hole and passing the burden on to our children.


