Extend tax breaks for everyone, or only for the 98 percent of middle class and poorer earners? How about a third choice? Take away bigger tax breaks from the top 2 percent, then rather than sending off the money generated to the Treasury, allocate it to the 98 percent who need it badly and will spend it in ways that really boost the economy.
The Third Way Tax Break Poem
Today's debate, tax benefits.
The current Beltway play;
The question is who'll keep more cash,
Who'll see more taxed away.
The rich must keep their tax breaks, too,
Their spokesmen loudly bray;
We need their extra spending
In this long recession day.
But ask the 98 percent
And here is what they'd say:
"You want a bigger spending boost:
Then send their share our way."
*****
©2009 Michael Silverstein
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