Monday, December 13, 2010

Tax Bill Including Extended Unemployment Benefits Almost Passed

Of course, almost is a gigantic word....

http://www.facebook.com/l.php?u=http%3A%2F%2Fwww.cnn.com%2F2010%2FPOLITICS%2F12%2F13%2Ftax.deal%2Findex.html%3Fhpt%3DT1&h=281c7

Still, the prognosticators seem optimistic.  We need this bill, and lowering estate taxes is a good thing, too.  As for lower income tax, we are taxed too much as it is for things like war, bailouts of automotive/banking/financial mistakes, etc.  We need income tax for social programs, FDR was right, but they are so high because of all the other stuff we have to pay for - even so, our debt is spiraling out of control.  The best way to fix things is to stimulate the ecomnomy with new jobs, allow American ingenuity to flower - meanwhile, though, while we wait for our innovators to come up with new businesses that need employees, we need to protect and help those currently on unemployment through no fault of their own.  Maybe I am wrong, but I think that is more important than funding the war in Iraq, although I recognize that we have to stay the course at some level....

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