Less taxes in 2011

I don't think you can call it a tax cut. It is only an extension of the tax bill that was already in place. Our taxes stay the same. If they had not passed this bill, everybody's taxes would have gone up January 1st. They did cut the SS taxes cut from the payroll, and upped the amount of an estate before it is taxed. But other than that, I think they did the right thing. To me, estates have already paid taxes on everything and, for the life of me, I can't figure out why the government thinks they are entitled to take another 35% (was to be 55%) tax from an estate when we die!

If the tax cuts had been made permanent, then I might hold out some hope that businesses would start investing, hiring people, etc. But as a business owner, I don't think I'd do that for 2 years help. What happens in two years? So, I don't think it's going to work for the Republicans; they should have waited until January and then went for the whole shibang. And I was opposed to an extension of the unemployment benefits. I'd rather see mandatory re-training or something in its place. Over the long-term, they're going to have to increase the ages for social security and medicare. There needs to be a major overhaul of these programs and it's going to be painful, but it's necessary.

The biggest thing the whole debate has exposed is the lie that the tax cuts were "for the rich". Prs. Obama and other democrats have made the case that allowing the tax cuts to end would hurt the middle class. If the tax cuts didn't help the middle class, there is no way allowing them to sunset can hurt. The fact is, the tax cuts helped most Americans... those who called it a "tax cut for the rich" were either lying, or just wrong.

Sadly the first thing that popped into my mind was "Well if we're paying less income taxes, doesn't that mean our tax refund will be less?". I mean I must admit, we could use the weekly money more than we could use the tax refund.. considering how we live all year we tend to blow our tax refund on a lot of stupid things like eating out at places we can't usually afford, or buying nice clothes we can't usually afford. Because we're so broke through out the year we rarely do anything smart with our tax money, like save it. At best we'll buy a new vehicle and get some vehicle repairs and make our bills current. Last year we got a $10,000 tax refund (having 5 kids is good for something, LOL). This year whenever we talk about our plans for our refund.. we're already talking as if it's going to be another $10K, which is should be... but man it will hurt if it goes down too much after that! Though I do hope these tax cuts help the economy. More money in our pockets means more spending at local stores etc.. which should hopefully lead to new jobs, which would lead to more tax payers and less feeding off unemployment.. with any luck!

For me I would said yes if they are done to it responsibility to that matter let me see in that time.

maybe this will interfere with the state, because of which the state had the money if not from taxes from the public budget. and if it will be done then the state will incur a loss for the country itself.