OBAMA ADVISER SAYS PRESIDENT WILL NOT EXTEND BUSH TAX CUTS, EVEN TEMPORARILY: ’100% COMMITTED’

[sad sally]

54. Here are a couple more of those "puppies" that will be dragged out - by both parties - with the

expiration date closing in:

The child tax credit will fall from $1,000 to $500: "why do you hate kids?"

The alternative minimum tax (the "marriage penalty elimination&quot will expire, which means:
the ceiling of the 15% bracket for married couples will fall, no longer double what it is for single filers and
the standard deduction for married people will fall - will no longer be double what it is for single filers: "why do you hate married people?"

The lowest 10% tax bracket will expire and will revert back to the 15% level: "why do you hate poor working people?"

The tax rate on long-term capital gains earned by middle- and upper-income people would rise from 15% to 20% and rate on qualified dividends earned by middle- and upper-income people would rise from 15% to ordinary wage tax rates: "why do you hate the idea of people making money on money?"

and so all the "puppies" will be dragged out to scare people, therefore making it necessary to kick them damn puppies down the road for another generation of smarty pants to figure this mess out.