Extending Bush Tax Cuts Crucial to the Economy Moving Forward

With the lame duck session will they get the Bush tax cuts through. Lingering and not willing to reach an agreement will only hurt the economy further as we come to the Christmas Season.  President  Obama wants to tax higher income people while Republicans and many Democrats want all tax cuts to continue. Some analysts believe there are two leading theories - either all of them will be extended or nothing will happen.
Passing the tax-cut extension would be harder to accomplish in a lame duck session. The Democrats would fall short of 60 needed to extend only the middle class tax cuts.
The bad thing for us as consumers is that letting the tax cuts linger into the new year will drag down the current  economic uncertainty and stunt economic growth.
The best scenario for us as tax payers is a clear extension of all tax cuts, at least for one year, and to do it before Thanksgiving.
Can both parties put aside their partisan ways and put the American people and their businesses first? That is the imminent question before us.

Congressman Lipinski Helps Pass Small Business Jobs Act.

Here is a bill that will actually help small businesses. If only we had started here 18 months ago and worked from this way of cutting taxes and giving relief to small business we would  be in much better stead than where we are. I realize just cutting taxes is not all the answer, but muzzling the small business man during this time has not helped. Congressman Lipinski said "Small business form the backbone of the Third District's Economy, create nearly two-thirds of new jobs nationally, and are key to the recovery. But with this economy still stalled and loans hard to come by even for those with good track records, action is needed to remove barriers  to growth. That's why I voted to lower the tax burden for small businesses and help them obtain the credit they need to expand their operations, invest in new equipment, and hire new workers."
 The bill  is fully paid for and will not add to the deficit., allows businesses to write off half the cost of capital expenditures for 2010. Also adds up to $30 billion available to community banks and local lending institutions to spur them to boost lending to small businesses. It's a good bill and a
 small start to the recovery. This is the trend we need to follow to get our nation going again and on the road to recovery.
I wrote a small e-mail to Congressman Lipinski {D} and thanked him for voting for H.R. 5297. He also did not vote for Healthcare reform bill as he stated it would harm seniors. And I might add we are finding more and more it is going to harm everyone.
I like this congressman and I have met him personally and thanked him for his voting.

Gov. Norquist Saying Bush Tax Cut Expiration Will Cost Taxpayers 1 Trillion Dollars

As usual Gietner does the opposite of what actually needs to be done. He says he will allow tax cuts for under $200,000 a year tax payers, but wants to go after the business owners who are actually the ones keeping this faltering economy going. He also says the new Financial Reform bill should bolster confidence.
In reality the opposite has happened as few even understand the financial bill. It will be like Obamacare we will be getting new revelations day after day.   The latest being a hidden tax on gold, ABC reports, it will come from small business people and self employed who use 1099 forms. which tracks and reports miscellaneous income. It will finance some of the health care's bills. 58% of Americans still want Obamacare repealed.
This expiration will also raise capital gains from 15%  to 20%. There has been a cry for the small business's to have relief but this will clearly hurt the small companies and put more drag on the economy.
I have a personal desire to see these tax cuts renewed, as the tax credit for young families have helped my son and daughter-in -law tremendously. They have been able to make major repairs on their house and other needs of a young family.
The small business's are a major part of the recovery on this economy. They are also the main ones hiring and keeping the economy going. Why muzzle the ox that is pulling the economy and put greater burden on them.
Why I believe strongly to RENEW THE BUSH TAX CUTS