Warning! Warning! Warning! Satire Ensues!
Today, President Obama vowed to veto any tax cut extension bill that includes extending the tax cut for the wealthy.
He said he very much wanted to extend the tax cuts for those making less than $250,000 a year, but in all good conscience he could not allow the inclusion of the tax cut for the wealthy. The need to cut trillions of dollars from the deficit over the next decade mandated the ending of the tax cut to people who didn’t desperately need it.
Although letting the tax cut for the middle class expire might have dire consequences for the recovery, the consequences of extending the tax cut to the wealthy would be far worse.
The Republicans caved into this firm stance of the President and passed a bill in the House of Representatives and in the Senate that did not include the extension of the extra tax cut for the wealthy.
Don’t get your hopes up for such a story to be true. I just made it up as an example of how the tax cut extension could be handled.
Is it possible my wish could come true? Since posting the above wish, I read the article Henry in the House: Tax man (compromise) cometh By Ed Henry.
I hadn’t known that the initial report came from Huffington Post. Is it any wonder that I no longer read the Huffington Post?
The warning at the beginning of the post was added because one of my satire challeneged readers was offended at the lack of warning.