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In the last ten years, the middle class has broke even or lost ground. A successful economy will grow the middle class.
Taxcuts do not create jobs unless they are stifling investment. Not only is the present tax system not stifling investment, it is encouraging irresponsible gambling with capital. Companies no longer want to make money the "old-fashioned way", they want the quick buck promised by the gamblers on Wall Street. They do not wish to make money by producing products or by hiring more labor, instead, they prefer to make "paper" profits, which can disappear with the wind.
Taxcuts have had a negative impact, not only on our deficits, but in other ways not yet understood. They have stolen our way of life and diminished our freedoms. We need to get control of our government. We need to take it back from the corporations and Big Banks that have taken over every aspect of our government, the military, the Supreme Court, the Executive Branch, and the Congress. We need massive reform and letting these taxcuts expire is a good first step.
If the Democrats fold on letting these taxcuts expire, they will be making a huge mistake. We need major reform and continuing the "trickle-down" economics of Reagan and Bush, Jr is the wrong direction to take. Democrats will pay dearly if they permit that to happen. It is so disheartening to read that they are even thinking such a thought.
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