Fox News puts out alot of misinformation to make People think just what you have just posted.<quoted text>
With all due respect, you are misinformed once again. Whatever you want to call it, a tax break expiring resulting in having to pay more taxes is basically a tax hike. And this one hit every American getting a paycheck. The dividend tax was also raised. Believe it or not, a lot of retirees have invested their retirement IRA's, Roth and various other retirement plans in stocks that don't produce a lot of capital appreciation but do have a good dividend yield. This dividend yield provides a steady income stream to the retirees like myself that compliments social security. I am not rich by any means and rely heavily on dividend income just to pay the mortgage. This tax hike hit the wealthy AND the middle class.
You can post all the links you want, but the result is still the same. Our economy is hurting, unemployment is high, we have a tremendous debt load and running a huge deficit and our government's answer to this was to raise taxes and add to the deficit. This action can only produce one result and it isn't good. You may feel better that the wealthy now have to pay more, but this action is not going to improve your life one bit. This only worsened a bad situation. This is what politics does. You like to blame those who oppose your way of thinking on Fox News, but I have never watched Fox News in my life and Fox News has no affect on the economy whatsoever. This is the same thing as saying "Dancing With The Stars" has an affect on our economy.
True, people are hurting. But the problem lies within our political process - democrat and republican. As long as both sides neglect to compromise, we will suffer until we eventually end up like Greece where we are forced to do something after it is too late. I don't think Fox News is keeping our politicians from acting on our behalf instead of theirs.
Just answer two questions for me...why would you want the 5% of the Wealthiest People in the Nation to pay a lower Percentage Rate in Taxes than you do...and why do you NOT blame the Teapublicans for NOT allowing Everybody , but that same 5 %, to keep the Tax Cuts that Obama gave them to help them get through this economic downturn, until we got back on our National feet , again?