They want everyone to pay more over time so that the rich can pay less.
If you are going to earn more than $250,000 in 2010, then the Republicans are looking out for you.
Eric Cantor announced today that, no matter how large the deficit and the debt, the Republicans are going to look out for the rich people who are going to earn more than $250,000 this year by making everyone else pay higher taxes to pay back the debt to the Chinese for the next 40 years in order to finance the tax cuts for the rich.
Here is the article in the Tribune:
In another ominous sign of new political gridlock developing in Washington, House Republican leaders Sunday took a hard line on compromising with President Obama on extending tax cuts that are due to expire at the end of the year.
"I really want to see that we can come together and agree upon the notion that Washington doesn't need more revenues right now," Rep. Eric Cantor of Virginia, the No. 2 House Republican, said on "Fox News Sunday."
"And to sit here and say we're just going to go about halfway, or we're going to send a signal that it's going to be uncertain for job creators and investors to put capital to work, that's exactly what we don't need right now."
Obama has proposed permanently extending tax cuts for American households making less than $250,000 a year, but he has argued that the country cannot afford to extend those cuts for the wealthiest Americans.
The president repeated that proposal in his weekly address this weekend.
"At a time when we are going to ask folks across the board to make such difficult sacrifices, I don't see how we can afford to borrow an additional $700 billion from other countries to make all the Bush tax cuts permanent, even for the wealthiest 2% of Americans," he said.
So the Republicans are saying that they want the rich to pay less in taxes in order to take on more government debt which we will all eventually have to pay back. And that means you and I (assuming you, like me, won't be paid $250,000 or more this year) will pay more in taxes becaus the Republicans want to make sure that the rich pay less.
Do you want to pay more in taxes so that millionaires can pay less? I don't. That's why I voted for Democrats to run the government.
If you voted for a Republican to run the government, and you make less than $250,000, are you a little surprised that the Republicans now that they are elected want to make you pay more taxes?
Somebody's got to pay the government debt.
And if the rich pay less, that means we pay more.
