Wednesday, December 15, 2010

BREAKING: US Senate votes to BLOCK Obama’s planned tax hike

The measure now goes to the House of Representatives.

Notice that I didn’t use the words "Bush” or “Tax Cut” in the title?  Appropriate isn’t it, considering that an extension of existing tax law is not, by definition, a cut in taxes.  Nor was Bush responsible for the legislation that created the existing tax law.  Only the Congress can cut or raise taxes and had the Congress failed to act, then it would have imposed the largest tax increase in the history of the Republic.

That is all.


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