Leave no Billionaire Behind...

Giant U.S. companies and their multi-millionaire CEOs have stepped up their lobbying to block Democrats' plans to let the Bush tax cuts on wealthier Americans expire at year's end. Republicans and business say that letting the Bush tax cuts expire will choke off the economic recovery, and they are demanding that Democrats commit to hearings, a mark-up of legislation and then a movement to the Senate floor for a vote to extend the tax cuts for the very rich. As Paul Krugman notes in his opinion piece yesterday, this would be the equivalent of 120,000 wealthy people getting $3 million each every year. The Bush tax cuts for millionaires and billionaires have added, when including interest, over a trillion dollars to our national debt, money which will have to be re-paid by you, me, and our children. Now Republicans want to extend these billionaire tax cuts for a single and a simple reason: the billionaires fund the Republican party and it's candidates.

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