Glass Half Empty?

Bush's tax cuts are doomed. They will be history in another year or so. I doubt if the Dems allow them to run their course into 2010.

The rich benefited from those cuts. The rich helped the rich. The rich are the only ones who want the cuts to remain and be made permanent.

Let's take a look at the middle class. Say a couple makes $50,000 jointly. In 2000 they were in the 28% bracket. Which equals $14,000.

This year, the same couple making the same $50,000 are living under the 15% bracket or will pay $7,500. That's $6,500 more in their pockets. For these hard working folks the savings each year is nearly half.

Their cup is fuller. Why is the case not made for the middle guy? Are they ignorant of the effect the expiring of the cuts or the removal of the cuts will have on their lives? Are their pockets not fuller now?

Maybe this couple is young and have little idea what they will be paying should the rates be increased or left to expire. I'm sure they do not consider themselves rich; however, they will consider themselves poor when their take home pay is reduced by over $500 a month.

Just a view from the other side. The middle class.

'til later