$50 Billion Middle Class Tax Hike, 38 Million Refunds Delayed

by clammyc
Sun Dec 2nd, 2007 at 12:24:48 PM EST

We’ve seen the following scenario more than a few times before: a proposed massive tax cut is proposed – focusing mainly on the upper 5% or on corporate interest groups. Many Congressional Democrats (rightfully) protest this, and are painted as ones who want to raise the taxes of “people like you and me”. Ultimately, even though this is highly dishonest, at best, some sort of massive tax cut is passed – mainly benefiting those who I mentioned above – with no way to pay for the cuts.