Tax Breaks for the Ultra-wealthy

The republican leadership keeps talking about how the democrats want to take away tax breaks from Americans during a recession. When pressed that it is really only the top 2% wealthiest  Americans  that the democrats want to take away tax breaks from, the republicans then start referring to these ultra-rich as the 'job makers'. We can’t take away tax breaks from the 'job makers' during a recession.

But the vast majority of these top 2% are NOT job makers. They are corporate executives, corporate attorneys, investment bankers, Wall Street moguls, real estate tycoons. These are the exact same people whose greed in great part contributed to causing this recession. And now the republicans want to reward them?

Doing away with these entitlements, these special tax breaks for the ultra-rich, will not affect job creation, nor will it hurt the economy. On the contrary, it will help pay for the tax breaks the democrats want to keep for everyone else who really need it.

Of course the republican leadership knows this. They know extending these tax breaks will further widen the gulf between the rich and the middle class, a gulf that is already wider than it has been since the 1930's, and that it will cause further damage to the economy. They don’t care. They are trying to protect their major supporters - the ultra wealthy – and just don't care. Their irresponsibility and greed during the Bush years is what set the stage for this recession to occur in the first place - this is just more of the same.