Seems that I'm not the only person who hasn't really been persuaded by GOP whining - uh, arguments - that extending the so-called Bush tax cuts to the very wealthiest Americans is needed in order to help small businesses create jobs. Tuesday's Huffington Post headline reads "Progressive Lawmakers Want to Make GOP 'Put Up or Shut Up' on Bush Tax Cuts". That about sums it up. Everyone pretty much realizes the rich will just pocket the money.
Meanwhile, Virginia Sen. Mark Warner began suggesting another alternative late last week: allow those cuts to expire but use the extra tax revenue to provide breaks that are actually targeted to small business. That's better, at least.
Then there's the prove-it-or-lose-it suggestion being advanced on www.bushtaxcutscompromise.blogspot.com. Basically says the uber-wealthy can keep their tax breaks... so long as they can prove they are actually using the money to create jobs in small business. Now THAT'S put up or shut up.
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