An interesting article in the Weekly Standard discussing the recent deal President Obama made with Republicans to extend unemployment benefits in exchange for a one year extension of tax rates that were enacted in 2001 and 2003. The big issues in this is that many Democrats are "morally opposed" to extending these tax rates for the "perceived wealthy"... those making over $250,000 a year. But Republicans remained united that all Americans should benefit from extending these lower tax rates. It will be interesting to see how this plays out politically but the enclosed article...granted from a conservative magazine...brings forth some interesting arguments that challenges the philosophy of Democrats opposed to the extensions.
Class Warfare | The Weekly Standard