Senate Plans Saturday Votes on Taxes - Page 2

Here is the thing though, every version of the tax cuts are for every american. Its on the first 250,000 of taxable income for everyone, and the republicans shot that down, it would have left the top 5% not being able to get a tax cut on their full income, but they would have received that on the first 250k, and it would have cost us $700 billion less the giving it for the full taxable income.

Then they had another amendment the rose the limit to 1 million dollars. The republicans also shot that down, it would have benefited 99.9 percent of the people on their full taxable income. There are only 315,000 people that make over 1 million in the US, we have something like 307 million people its 0.1 percent, but regardless everyone would have claimed tax cuts on the first million dollars, it would have cost $300 billion less then applying it for everyone.

What that says is that republicans want tax cuts for the really ultra rich, and they will be getting tax cuts on an insane amount, they will be getting about 1000 times more then the average american, that's the size of their cut.

Republicans think that doing that to the rich will have a trickle down effect and the money splash on everyone, but what they don't realize is that their trickle effect triangle is upside down. They give that to the rich it will stay with them, they give it to the poor it will trickle down all the way to the rich and cover everyone, that is why unemployment benefits bring back 1.60 to the dollar, and why benefits to the ultra rich only bring back something like 30 cents on a dollar of contribution. The rich will only buy exclusive goods and services that only benefit other rich people.

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Ultra rich = campaign money.
Poor/middle class = busting @$$

warren buffett and a few other ultra mega rich billionaires want the tax increase for the mega rich and have even proposed legislation in their own states to increase their own taxes, and they failed (bill gates senior appeared in ads for increasing the tax of the rich).

I say, they consider the appropriate tax increase and make it a donation to the party that wants to increase the taxes on the mega rich, sounds like a great investment to try and insure the debt of this country does not go wild.