Super committee: Let Bush tax cuts expire and your work will be done – CSMonitor.com.
President Obama extended the Bush tax cuts through December 2012. These tax cuts are costing the Treasury $11.6 million dollars PER HOUR. The alternative view is that tax dollars are taxpayer dollars, not government dollars, and we need to cut spending.
However:
A record number of Americans — 49.1 million — are poor, based on a new census measure that for the first time takes into account rising medical costs and other expenses.
The numbers released Monday are part of a first-ever supplemental poverty measure aimed at providing a fuller picture of poverty. Although considered experimental, they promise to stir fresh debate over Social Security, Medicare and programs to help the poor as a congressional supercommittee nears a Nov. 23 deadline to make more than $1 trillion in cuts to the federal budget. (Washington Post)
