UPDATE: This NYTimes "solve the deficit" puzzle should be required activity for anyone who claims we should extend the Bush deficit-bombs, tax giveaways to the top 2%. And here's a useful FACT SHEET about the Bush tax giveaways, from Politifact.
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Here's what's on the table:
And here's a little sense of history--the top marginal tax rates over time--with some helpful Questions to Consider in the graphic:
UPDATE Dec 1 2010:
The President just announced, with much fanfare, a plan to Freeze federal workers' pay as part of an austerity/cost cutting measure.
Our own Scott Brown is refusing to extend Unemployment Benefits (which will impact middle and working class Americans right at the holidays) because of the impact on the deficit.
Consider this:
The "savings" from freezing fed workers' pay is less than 1% of the total deficit. Not even a drop in the bucket.
And extending the Bush tax cuts (deficit bombs) for income over $250,000 will add ANOTHER $700 BILLION to the deficit!!
If we are to believe Senator Scott Brown, The Deficit and Not Adding to It is a primary concern that trumps all others, including the protection of families meager safety net income in the winter, over the holidays.
If Senator Brown argues FOR extending Bush tax holidays for income over $250,000--he will prove himself a liar: that he doesn't actually care about the deficit.
Call him on it. DO NOT LET SENATOR BROWN GET AWAY WITH VOTING FOR BUSH TAX GIVEAWAY EXTENSIONS.
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How income has been bleeding away from middle class to the top 1% for the last 30 years...
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CONTACT SENATOR SCOTT BROWN
Email: Click thru his "Comment" Form on website:
Phones:
Boston -- (617) 565-3170
Washington, DC -- (202) 224-4543
FAX: (202) 228-2646
(you can use services like FaxZero.com to send free faxes from the internet!)
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