News is out today of a poll asking Americans if they favor making all of the Bush tax cuts permanent. By a margin of 51% to 28%, the answer is yes. Even among Democrats, the question is answered no only by a margin of 40 to 38%. In other words, after all the palaver about tax cuts for the rich, the majority of americans recognize that what actually happened here was an enormous boost for the economy. they further recognize that raising taxes now will send our fragile economy back into recession. They do not want this to happen, even if it spoils the Democrats class warfare template.
So far, three senate Democrats have come out in favor of extending the tax cuts. the Republicans are already on board. Absent a major shift by the Democrats, however, we are unlikely to see Congress follow the will of the people and keep rates where they are now. The Democrats will let the big increases go into effect.
I hope that on election day, voters remember who it is who wants to keep taxes lower and keep the economy growing.
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