Pick Wayne's Brain

December 6, 2010

The Cut That Isn’t a Cut

Filed under: Commentary — Tags: , , , , , , , — Wayne A. Schneider @ 10:20 PM

As you may have heard, President Barack Obama and the Republicans (who, oddly enough, are not, technically, in power yet), have struck a deal extending the Bush Tax Cuts For The Wealthy (their official name) for another two years. In return for these tax “cuts”, the Republicans have agreed to extend unemployment benefits for currently unemployed people for another thirteen months along with a few other helpful things for the poor. The stage has been set to make this a campaign issue for 2012. Do you support extending tax “cuts” for millionaires and billionaires who don’t need them? Or do you finally agree that rich people do not use their tax savings to create jobs? But is anybody really going to be paying less in taxes because of this? Not necessarily.

In Washington, DC, and only in Washington, DC, a “cut” is merely a (more…)

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