Any tax increase would hurt me a lot, I live paycheck to paycheck...
You seem like a bright boy, you ought to know that this tax increase does NOTHING to fix our problems, a virtual 'drop in the bucket'... it's only stimulating business and cuts in SPENDING that will fix this mess... the tax increase thing is a smoke screen... too bad you're easily blinded by it.
As a business man, or at least a weathy man, you should know about some basic economics... the key to this mess is... wait for it.. excessive SPENDING.
Thanks for the humor but I turned 50 on Sunday so no where near "a boy". I don't consider myself wealthy. I don't even have $50K in cash sitting around. A lot of my value is in real estate having a "mostly" paid off modest home (under $400K), a rental property & numerous 401Ks. Rather, I am middle-class or at most upper middle class at best. These taxes proposed by the President are (mostly) on the upper 2% which is WAY beyond me. Even in a good year I only make about 50% of the level that would be impacted. I DO watch CNBC and I DO trade stocks weekly and what I am seeing out of this republican leadership is well, embarrassing.
Due to biased reporting, the general population doesn't realize what the house leader is opposing. They THINK he is fighting for them when in reality, he is fighting for himself and others who make in excess of $250K/year. Granted, that population is mostly republican's who own one or more business but it's still less than 5% of this party's populace. You have already stated that you don't make $250K/year so why are YOU SO FOR his leadership? I personally think they need to remove Boehner yet you are defending the guy to stonewall in face of the worst alternative. If he does then his inaction WILL lead to ALL of us getting hit (with the expiration of the Bush tax cuts). He does not bargain in good faith. He should NOT use terms like "the president's proposal is to raise taxes" because.. well, he is NOT. Obama is offering to EXTEND the tax CUTS for the majority under his plan (That is you, me & EVERYBODY making less than $250K/year).
In this case, resistance is futile because the alternative to accepting the president's proposal is FAR worse for MOST of us. It impacts those making more than $250K EXACTLY the same way so they are the ONLY ones who have a hand in the current resistance. Once we are past this point (one way or another), perhaps the republican leadership can return our party back to where it is SUPPOSE to be rather than lying to the populace about what is going on.
The tax increase is the FIRST step in a process. There HAS to be compromises on both sides. Returning the revenues back to where they were 8 years ago would actually go a LONG way in the right direction. Allowing that to stay in place for ONLY the wealthy does not do that much but at least it's SOMETHING.
As they say "baby steps" are the ONLY REAL way to get where we need to go & Boenher is trying to make that first step into a 100 foot fall whereas simply accepting the president's program, we would have only have a 2 foot drop which EVERYONE could easily hop down. Why not carve out 50 2 foot steps? I'll tell you why... because that is not the POLITICAL way. Instead of this being about the general population, it is ALL about special interest and ONLY about special interest.