There has been widespread media coverage through print Internet and television about extending tax cuts for the middle and high income earners. I say stop and take a breath. How about instead helping those that are homeless and living in poverty. Remember many of the new poor have been adversely affected by those private operating sytems at the top including Banks and Mortgage Providers.
From the Huffington Post 18/09/2010
Why are Wall Street's billionaires so whiny? Is it really possible to make $900,000 an hour (not a typo -- that's what the top ten hedge fund managers take in), and still feel aggrieved about the way government is treating you? After you've been bailed out by the federal government to the tune of $10 trillion (also not a typo) in loans, asset swaps, liquidity and other guarantees, can you really still feel like an oppressed minority?
Instead of those institutions taking the full consequences of their actions those at the bottom end of the food chain are the most affected. Research shows that homelessness and having insufficient means of support are a strong indicator of health problems. These effects are multiplied into a vicious circle of ill-health and making people unemployable. Instead of giving an extended tax cut to those that really dont need it why not talk to your Congressman to ensure more funds are provided for those that currently cannot provide for themselves. By helping those that cannot currently help themselves. because the Jobs are just no there right now; You by taking these actions are helping society and your humanity simultaneously. With one in seven Americans living below the poverty line I feel sure you could cope without a tax cut. Certainly those Americans at the top of the income tree tax cuts granted during the Bush Administration surely could be foregone in these very difficult times-the worse since the Great Depression of the 1930's.
Look what Robert Reich former Secretary in the Clinton Admininstration said today 20/92010 in the Huffington Post
Under Bill Clinton and his tax rates, the economy roared. It created 22 million jobs.
By contrast, during George Bush's 8 years, commencing with his big 2001 tax cut, the economy created only 8 million jobs. And as the new Census data show, nothing trickled down. In fact, the middle class families did far worse after the Bush tax cut. Between 2001 and 2007 -- even before we were plunged into the Great Recession -- the median wage dropped.