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Where we stand

December 26, 2012
Williamsport Sun-Gazette

Speaking of tax relief efforts, Congress passed the Tax Relief Act of 2010. This Act extended Bush-era tax cuts for two more years through 2012. President Bush received praise for this tax cut, and he should have. The Democrats extended this Act for two more years, or 98 percent of Americans would have been paying this higher tax rate until the end of 2012. For this, President Obama received no credit. He now wants to maintain the Bush-era tax cuts, while having the richest two percent of all Americans pay their fair share of taxes to help reduce the budget deficit. House leader John Boehner insists there should be no tax increases on the richest two percent. If an agreement cannot be reached by year's end, we will fall off the fiscal cliff and 98 percent of working Americans will see their taxes increase to where they were prior to when Congress passed the Tax Relief Act of 2010. If this happens, we could all thank the Republican controlled Congress for converting 98 percent of working Americans back to the higher taxation rate. This concerns the accusations made by a few die-hard voters who feel they have th right to chastise those who voted for our President, because they have no brains and are uneducated. Such statements only expose how prejudice and unethical the accusers themselves are. Such derogatory accusations certainly would never be included in a mandatory thesis, submitted by a Ph.D. candidate prior to receiving a doctor of philosophy degree from a university.

 
 

 

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