Seventy-two percent of Americans support passing this bill, yet politicians continue playing cat-and-mouse in Washington. Our legislators do not have the best interest of the voting public at heart; they are staying wth their political platforms and refusing to listen to the people.
In a nation of the people, for the people and by the people, the people seem to have been removed from the equation. With such a majority of citizens supporting this issue, Congress should happily get it done. But wait! The people and corporations that toss money into their coffers are the ones that really pull the strings. That money buys their votes and this is just one more example of just that.
The Buffet Bill is aimed at the top 1% of Americans on the socioeconomic scale. Households earning over $1 million dollars would begin paying a tax rate of at least 30%. When Bush Jr. was in office, the country was experiencing a budget surplus. He had a choice. He could pay down the deficit or give out a tax break. The top wage earners were the lucky winners! They were given a tax cut. Two unexpected wars compounded by the housing bubble bursting should have been enough encourage Congress to take control over this issue.
Instead of letting the tax cuts expire in 2010, our illustrious legislators simply extended them for another two years. Both sides of the aisle vow to stand their ground and fight to win. Republicans refuse to allow the cuts to expire and Democrats demand the tax cuts be allowed to expire as they were initially intended to do. This led to the development of the Buffet Bill.
With politicians being politicians, Americans are left scratching their heads and wondering if they actually have any control over what happens in Washington after all. There is no doubt this issue will continue to be in the forefront through November’s elections. Voters need to be sure to cast their ballot in the direction of the elected officials that listen to what the voters want to see happen.
We must all watch this issue closely and not allow politicians to refuse to do their jobs and what they were sent to Washington to do. We want to see our elected officials doing their jobs. If they are not going to do their jobs, let’s get some fresh blood in Washington that is willing to listen to the voters. As economic woes continue and concerns over a growing deficit increase, everyone must be willing to take the steps necessary to get the economy in line. This includes issues with taxes, expenses and keeping an ever- watchful eye on the Nation's credit rating.