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The Rich Don’t Need More Tax Cuts

The Oneonta, NY Daily Star  has joined leading editorial boards all across America calling for the passage of President Obama’s plan to end the Bush tax cuts for the richest 2%. From the editorial:

Rich don’t need more tax cuts
[Oneonta, NY] Daily Star, Editorial, 7/12/2012

“[…]Under Obama’s plan, the 2 or 3 percent of Americans making more than a quarter-million dollars a year would still pay the lower tax rates on their first $250,000 of earnings, but anything over that amount would be at roughly the rate they paid when Bill Clinton was president…

So, as Senate Finance Committee Chairman Max Baucus, D-Mont., said this week after meeting with Treasury Secretary Timothy Geithner, “Everybody gets a tax cut.”

[…]

So, Obama and the Republicans could get busy and pass a bill right now to benefit the middle class and poor people…

[…]

The middle class and poor need the tax cut.

Rich people and corporations don’t need it.

We couldn’t have said it better ourselves. It’s time to tell Congress that it’s time to act and pass President Obama’s plan.