President Obama and Democrats are pushing to remove the Bush tax cuts for the "wealthy," those making over $250,000 per year. For what purpose? They will tell you that it is to address the deficit problem. That is their only substantive proposal to address the problem.
What they won't tell you is that the extra revenue raised would be virtually meaningless. According to Planet Money at National Public Radio, removing the tax cut from these folks would raise a whopping (hold your breath here) $56 billion a year. That's about 4 percent of the $1.3 trillion annual federal revenue shortfall. As to the effect the tax increase has on small business, who cares?
I'm afraid the real purpose is to divert public attention from reality. And the reality is, if Americans insist on keeping untouched the "Big Three" entitlements, Social Security, Medicare and Medicaid, it will take a huge tax increase on a lot more people than just the wealthy to do it.
But that's a reality that can wait until after the election when (maybe) the nation can finally have an adult conversation about revenue and spending.
RICK ENGELMANN, Richland