Republicans say they can't raise taxes on higher-earners because some of those people (3% according to the Joint Committee on Taxation) are also small business-owners. And if they raise taxes on them, then those people can't hire workers. Here's what I would like to know: These people have enjoyed the tax cuts since 2001 and 2003 (when Congress passed Bush's tax cuts). So shouldn't our unemployment be a lot lower since they were getting those cuts all this time? Is there proof things would get worse if they saw their tax cuts end now? Let's see proof, not rhetoric, please.
Can't Congress do both? Isn't it possible to start working on that ridiculous deficit AND cut taxes, at least for some people? If you believe raising taxes during a recession (or in this case, right after a recession) isn't a good idea for the economy, then can't Congress cut out the political crap and compromise on something that will help people right now? Seriously. How hard is that?