Monday, December 13, 2010

TAXING ONE’S LOGIC

You can make a case, many have and it is logical, that tax refunds to people making $260,000, a million or even 10 million dollars or more a year is absurd in proportion to their income. The problem is this; those tax cuts, and it was not a tax rise, those tax cuts were going to be reinstated when the new congress was sworn in. So, Barack Obama got the best deal he could get, extending unemployment, working on payroll tax reduction etc. given his circumstances. He’s also in the bargain, got the opening to get the start treaty on open debate. He made the best deal he could. Should he have dealt differently in the months running up to the election, one could certainly argue you to that. But given what he was faced with after the mid-term elections he made the best deal he could. And to do anything different that taxes logic as well.

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