Millionaire tax bailout – yippee!

Happy Monday!

So while I’m thrilled that Congress extended unemployment benefits, I’m still in disbelief at the price. Yes, what was signed late last week extends existing tax cuts for families at every income level and renewed jobless benefits for the long-term unemployed but it also enacts a new one-year cut in Social Security taxes that would benefit nearly every worker who earns a wage and includes lower rates for the rich and lower taxes on capital gains and dividends.

Excuse me, but haven’t the Bush tax breaks for millionaires been on the books for eight years now and how many jobs have we seen created?

Read this editorial from the New York Times to get a glimpse into the future.

Yippee, I might pay a bit less in payroll tax next year, but Social Security is even more at risk.

I don’t want to start Monday off on this note. Let me go take some Vitamin B. Or I’m sure there’s some new cookies out in our workroom!

One Comment

  1. Don Carlisto December 20, 2010 at 9:45 am #

    Hi Betsy,
    On the bright side, DADT was repealed and there may be progress on START. Happy Holidays!
    Don

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