A lot of middle class Americans have their savings in CDs. Before the GWB presidency, there were rates to be had at over 6%. Now, even the good ones are just a shade over 4%. That's a 50% loss in interest when CDs are renewed. It's devestating to Seniors who use that interest in order to balance their budgets or provide some extra income for non-essentials.
So, logic would be that the tax cut should be on CD interest...if it's really meant to help middle class Americans who have suffered with the Bush economy.
As far as any cuts, though. The last one didn't save the economy. The bracket reductions are still in place. I think it might be an economic mistake to cut more taxes when government expenditures are going up.
As far as any cuts, though. The last one didn't save the economy. The bracket reductions are still in place. I think it might be an economic mistake to cut more taxes when government expenditures are going up."
Another spokesperson for the DNC. The "Bush" economy. Where the Hell have you been, under a rock? Or haven't you begun to understand the cooked books and the bubble of the Clinton years? And yeah, right, expenditures are going up, so we NEED to pay more taxes. Go back to DU.
Huh? I don't know anyone that counts on CDs for anything other than a place to park cash short-term...