Sen. Franken Argues Against Tax Cuts For Millionaires

the state of california is broke from "lending a hand those who simply can't get by without help"

LOL..

http://www.usatoday.com/money/economy/2010-12-05-1ataxcuts_N.htm

Bush's tax cuts: How did they affect you?

By Richard Wolf, USA TODAY
KALAMAZOO, Mich. — Susan Yetter recalls vividly the day in March 2001 when President George W. Bush came to Western Michigan University and declared that the U.S. budget surplus "is the people's money, and we ought to trust them with their own money."
Less than three months later, on June 7, 2001, Bush signed into law a 10-year, $1.6 trillion package of tax cuts making good on that promise. It buoyed businesses and consumers at the government's expense, creating private investment and jobs but contributing to future budget deficits.

Here in southwest Michigan, the tax cuts acted as a life preserver for an area beset with business flight and job loss. Companies such as Upjohn pharmaceuticals and General Motors, along with six paper mills, fled town at the end of the past century. But in the past seven years, about 40 start-ups have sprouted.

"I just don't think they would have existed otherwise," says Ron Kitchens, chief executive officer of Southwest Michigan First, the local economic development agency.

For nearly a decade, the Bush tax cuts — including a second, $350 billion dose in 2003 — have fueled debate in Washington about the proper role of government. Should it give money back to taxpayers at all income levels to spur economic growth, at the risk of reducing programs serving the poor and middle class? Should it deny revenue to a government that's nearly $14 trillion in debt? Should it reward today's taxpayers at the possible expense of future generations?

Bush cut individual income tax rates, reduced taxes on capital gains and dividends, cut the estate tax rate and raised its asset limit, trimmed taxes on business investment and boosted breaks for education, married couples and families with children.

The White House and Congress are close to deciding whether to extend the Bush tax cuts beyond Dec. 31 and impose new income restrictions or time limits. Keeping them all would cost about $3.7 trillion over the next decade. Eliminating them for income more than $250,000, as President Obama wants to do, would reduce the cost to $3 trillion.

A USA TODAY/Gallup Poll taken Nov. 19-21 found broad support for keeping most or all of the reductions, at least temporarily. Four in 10 Americans said all the tax cuts should be extended; 44% said new limits should be set for top earners, and 13% said all the tax cuts should be allowed to expire.

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if you are going to BEG people to support your ass with TAX PAYERS MONEY,,THEY LEAST YOU CAN DO IS BE NICE TO THE TAX PAYERS..LOL