We already know the upper crust of the country is not increasing jobs in the market place. Why would this make a difference and the Republicans have yet to provide DATA that it would.
...Permanent cuts would bust the budget. Extending all of them would cost nearly $4 trillion over the next decade — $3.2 trillion for the so-called middle-class cuts and $700 billion for the richest Americans. There is no plausible level of spending cuts to offset the damage; the result would be chronic deficits and debilitating debt.
That is why we believe that for the sake of fiscal sanity any extensions of the Bush tax cuts must be temporary and focused on spurring consumer spending while the economy is weak. We support a one- or two-year extension of the cuts for low-, middle-, and upper-middle-income taxpayers, who spend most of their income.
Under this approach, unless you are at the top of the ladder, you will keep your Bush tax cuts in the near term. The top 2 percent of households would take a hit, but hardly a body blow. A married couple making $325,000 a year, with two school-age children, would see their taxes rise by $7,400, from $63,600 to $71,000, according to estimates by Deloitte Tax. If the couple made $1 million, their taxes would rise from $236,200 to $289,400....
