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by rodsnyder
In the coming days, Congress will consider the extension of the Bush tax cuts. I am hopeful that Democrats and Republicans alike will stand up for the next generation of Americans by opposing an additional $700 billion in deficits over the next decade. It comes as no surprise that our young people will be left to pay for tax cuts for the wealthiest 2% of Americans.
Republicans have insisted that we can't afford to let the Bush tax cuts expire for anyone during a recession. The truth is that by allowing the cuts to sunset for high earners, the top 2% will be taxed at a rate on par with the 1990's, which was one of the greatest periods of economic growth this country has ever seen.
The GOP is presenting a false argument. President Obama has already acknowledged the importance of extending tax cuts for those making less than $250,000 a year. We can, in fact, offer tax relief for 98% of Americans, accelerate economic growth and ensure some semblance of fiscal responsibility.
Congress has a choice to make. We can either begin investing in the middle class or we can continue the failed fiscal policies that left us on the brink of economic collapse. My generation is closely watching this vote to see if our leaders have the courage to do what's right for our future rather than what's politically convenient right now.
Rod Snyder
President
Young Democrats of America |
