Sihg. I suspect you're equally as dense. It's a lot harder for politicians to stand in the way of a tax cut than a tax increase, not to mention that other events play a huge role. The Bush Admin and their congressional allies justified both the 2001 and 2003 tax cuts in terms of relief for a sagging economy, claimed they actually worked in the 2004 election, even though gains were largely in terms of the housing bubble and increased military expenditures. They also puffed up and exploited the Terrarist threat, creating as much irrationality as possible.
The best that Dems could muster from their fractious ranks was forcing it into reconciliation, so that the cuts wouldn't become permanent. It didn't do them much good, seeing as how they got clobbered in both the 2002 and 2004 election cycles.
Low tax rates and Bush Admin cheerleading of the looting spree caused the income share of the top .1% to grow explosively from 2002 to 2007, from 7% to nearly 12%, almost the share of the bottom 50% combined, even as their federal tax rate plunged from 28.5% to 21.5%.
Extension of the tax cuts will mostly promote the welfare of the wealthiest, ultimately at the expense of everybody else.
http://www.taxfoundation.org/news/show/250.html
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