President Barack Obama releases a federal budget today that allows tax breaks passed in 2001 and 2003 to expire – for people who have an annual income of more than a quarter of a million dollars.
What would be so bad about that? Republicans said that tax breaks for wealthy Americans would improve the economy, but the economy with those tax breaks in place is in terrible shape. Why should Americans untouched by the current economic troubles, still earning more than $250,000.00, enjoy tax breaks?
