Despite the popularity with the people of extending the Bush Tax Cuts for those under $250,000 income per year and letting them expire for millionaires, Congress (all republicans and many Democrats) favor extending or even making permanent the Bush Tax Cuts. Ideology aside, could it be they are merely acting in their own economic self interest? If the Tax cuts are extended, those earning over $1million will GAIN over $100,000 a year. If the Democratic bill is passed millionaires will ONLY get about $6000 a year extra.
According to Opensecrets.org the average wealth of the Senator and Congress is in the millions.
Could it be Congress is really just looking after itself as usual?
Want to see the impact of the Republican Tax Cut plan versus the Democrats and see how you fare? Assuming you have income! View the graph ....
Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.
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