Friday, 7 December 2012

Tax Cuts

Back around 2001, there was this White House agenda to get a tax cut on the books....to stimulate the US economy.  Eventually, Congress passed it, and it was referred to as the "Bush Tax Cuts".  For those who remember watching CNN and the various news media reports....it was a terrible thing.  Various experts appeared on CNN and told everyone of how this tax cut would help only the rich....the millionaires of America.  As the implementation was started....the media pumped out one final push of the terrible Bush Tax Cuts.

So what happened over a decade?  Well.....a number of middle-class folks took advantage of it, and bought cars, boats, and renovated their houses.

So now as the Bush Tax Cuts are coming to an end on 1 January 2013, the media has shifted around to the defense of the terrible Bush Tax Cuts.  Hour after hour of CNN, MSNBC, Fox News and business news networks are chatting about saving the tax cuts.

To some, it's confusing because they remember what was said a decade ago.  Strangely enough.....all the experts the networks used ten years ago....have disappeared.  So we have new experts to proclaim the greatness of the tax cuts and why they must remain.

Yes, it is confusing.  Yes, it'd be nice if they had 'real' experts.  And yes, they are probably wrong on fifty percent of the positions they take.

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