At this point, just let the tax cuts expire

[MadHound]

Frankly I've never been in favor of renewing any of them. I was heartened when I thought that the Dems would actually fight to cut tax cuts for the rich, but that fight was done after a few days and the issue was tabled until after the election(why, I don't know, but that's another story).

But in all honesty, we simply can't afford more tax cuts. Our limited monetary resources are desperately needed elsewhere, like a real jobs creation program, and we simply can't continue to run up our debt load.

At this point any deal to extend middle class tax cuts is going to require us to extend the tax cuts for the rich. We simply can't afford this, so the best thing to do is let them expire, all of the tax cuts. Sadly I doubt that this will happen. Obama is still hell bent on a middle class tax cut and is willing to compromise. Which means that we'll probably be flushing another three-four trillion dollars down the toilet at a time when we simply can't afford to do that.