Jonathan Bernstein has it right.
We keep talking about the Bush Tax Cuts. Wrong. We should be talking about the Republican Tax Increases.
That's right. Tax increases. If nothing is done, all income taxes will go up next year. That is the law. That is the law that the REPUBLICANS passed with reconciliation. They provided tax cuts in 2001 and 2003 and tax increases in 2011. There is not disputing this.
The Democratic plan is to provide tax cuts for about 98% of the people. The only people who will not get a tax cut are the top 1% or 2%. Those making over about $200,000 per year.
Let's hope the Democrats are not purposely labeling their tax policy as ending Bush tax cuts rather than providing tax cuts because they really don't want to raise taxes on the rich. After all, the rich are Democrat benefactors also.
I'm just saying...