The TRUTH behind the recent TAX bill passed by congrass

First of all, with this bill, there are NO tax "cuts" for United States citizens.  The government only voted on whether or not the current (Bush administration) tax rates would be extended for everybody.  NO ONE gets their taxes CUT.

It should never cost the government money to let American's keep more of their own money.  The media likes to tell US citizens, this bill "cost" the United States $801 Billion.  In reality, it should NEVER "cost" the government anything to allow people to keep more of their own money.  The only way it would "cost" the government, is if they where practicing what they've ALWAYS practiced; which is spending money they DON'T have, IE - Deficit Spending.  The United States government has done precisely that, this the past year.  They've spent more money than the USA has, expecting additional tax revenue from tax increases (which would have happened in 2011), to account for government spending in 2010.  It is the governments’ spending that costs $801 Billion, NOT cutting people's taxes.  Which the government isn't doing anyway.  

Democrats don't like to give the "Rich" a tax brake/cut because "they don't deserve it."  But!  The "Rich" - the people who make between $250K - $1million per year;  are primarily small business owners, doctors and lawyers.  IE - people who make the majority of their living through earned income.  

The "Wealthy" however, who the democrats are really talking about or supposedly despise; are the people such as Bill Gates, Warren Buffets and other individuals who have inherited great Wealth.  These wealthy people don't grow their wealth or generate their wealth through earned income, as the rich do. Instead, their wealth is sustained and grown through investments, interest off of bonds, capital gains, derivatives and dividends.  Raising the "INCOME" tax will NEVER affect these wealthy people to the degree it will affect the middle class and even the rich.

In an economy like we’re in right now, the most beneficial thing the government can do is reduce the tax burden on the US citizens.  Letting them keep more of their own money and in turn allowing the citizens to decide how best to spend their own money.  

For the past two years, Democrats, including Obama, have blamed the Bush era tax cuts for driving the country into the ditch and the current state of our economy.  Now, with this new bill, Obama stated how we "NEED" to keep the tax rates "THE SAME."  IE - not increase tax burden on US citizens in order to avoid a CRISIS and to keep from driving our economy down further!  By stating this, Obama admits the best engine for growth in our economy is to keep the tax burden LOW on the United States Citizens.  This admission, in order to get the new tax bill past, is a complete contradiction to the statements he's made in the past two years and up until his election as president.

-R-