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The President's Tax Package

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No doubt you read and heard a great deal about the debate on the extension of the 2001-2003 Bush tax cuts measure. In its totality, it borrows just shy of one trillion dollars to pay for, amongst other items, expiring tax breaks for the top two percent of our country. I opposed these costly tax breaks when they were first proposed in 2001 and 2003, arguing that they would add $1.8 trillion to our national debt over ten years. And they did. The promise was they would create jobs. They didn't. Now we're repeating history, charging all this to the national debt, borrowing from the Chinese, and borrowing from America's future. That's why I voted against the legislation.


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