The Democratic argument for approving the rancid “compromise” reached between President Obama and his GOP “hostage-takers,” which would extend the outrageous Bush tax-cuts for another two years and allow individuals to pass on, tax-free to heirs, up to $5 million, $10 million for married couples), is that members of Congress cannot afford to allow taxpayers to see more taken out of their paychecks come Jan. 1, 2011, when the Bush tax cuts currently expire, and cannot allow the long-term unemployed to lose their unemployment compensation extended benefit checks, which are set to expire too on that date.
This assumes that Americans are too stupid to realize that it is the Republicans’ insistence on extending the tax cuts for the obscenely rich that is preventing Congress from simply extending the cuts for the middle class, limiting the inheritance tax exemption, and passing an extension of the unemployment extended benefits program.
How much savvy does that really take though? Polls show that a majority of Americans thinks that the tax cuts should be ended for the wealthy, who after all, have only been getting richer these past few years while the rest of us have gotten poorer, and that wealthy estates should be taxed heavily. Polls also show that a majority of Americans say that unemployment is the biggest problem facing America today.