- The Washington Times - Tuesday, November 16, 2010

ANALYSIS/OPINION:

As the lame-duck session of Congress moves forward, the key issue is whether to continue the George W. Bush tax cuts beyond 2010. In the current economic environment harmed by deep unemployment, stubborn housing-market reports and low growth, any tax increases at any level of income would be a death blow to the nation’s already dismal economic outlook. Nevertheless, the liberal class-warfare mantra espoused by Sen. Harry Reid, Speaker Nancy Pelosi and President Obama is that those earning more than $250,000 a year should be taxed at higher rates.

The stubborn reality is that those exact same people make up the largest group that generates job growth and currently pays the highest taxes into the federal coffers. Why the class warfare in this nation? The liberals’ refusal to get a grip on fundamental economic realities is hard to fathom. This is no time to increase income taxes on any level of earner. Rather, it is a time to signal a strong and enduring message that the future is safe, a time in which income earners at all levels and those who are our most avid risk-takers will not have to face a punitive tax environment. We must brighten the future and provide a positive, hopeful climate for investors and consumers alike.

BOB JACK

North Las Vegas, Nev.


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