The "Bush" Tax Cuts

So there has been huge buzz about the expiring "Bush" tax cuts. Democrats want to keep the expiration with adding cuts for the non-rich under 250K. While the Republicans want to push for those tax cuts to continue. Republicans also want to keep tax cuts for those especially whom create jobs, while most the buzz lately is a separate Small Business Tax Relief bill (which just passed the senate with 61 votes), which would help depreciate cost on expenses of property acquired or services, relief for other areas which are mind numbing to write as it is to read.

Does this bill equate the "Bush" tax cuts for small businesses, and makes it okay for the tax cuts to expire? Gosh, I would hope not, reading the points didn't seem that grand of an idea, granted I don't own a small business nor have a business degree (but neither do a majority of congress).

The AP reports that a family making 50K per year, will pay 2900 (14.5%) more dollars in taxes. So much for "Bush's" tax cuts for the rich? I don't see "Bush" paying those taxes, those are yours, mine, and your neighbors as Dave Ramsey says.

Also, have you ever seen a poor person employ people? Yeah, me neither.

Also, so tired of people and media that rail on Former President Bush for ruining the Economy. The Economy started to stall out when the republicans lost congress in 2006. Also my thought on the brilliant idea of possibly passing Cap and Trade is that the economy will run off the proverbial cliff and the dow jones industrial average will drop to 5500.

News Related Linkage:

http://www.msnbc.msn.com/id/39218869/ns/business-personal_finance/

http://www.journalofaccountancy.com/Web/20103340.htm