Those Tax Cuts for the Rich

A new CNN poll out today reports the following:

Forty-nine percent of people questioned in the poll say the tax cuts should be extended for families making less than $250,000 a year, with another 15 percent saying the cuts should not be extended for anyone. That leaves 35 percent who favor an extension of the tax cuts for all Americans regardless of how much money they make.

Providing tax cuts at this point for wealthy Americans simply makes no sense.  It isnt politically popular, isnt economically smart, and perhaps more than anything else, I can't really believe the Republican Party, so concerned about the deficit, want the country to borrow $700b from foreign countries to fund tax cuts for those who don't need it. 

Passing just the tax cuts for the middle class makes a lot of sense.  Would help provide a break to those struggling the most today. Will not hurt the economy.  Is popular with the American people.  

I have joined the camp that says the Democrats should draw a line in the sand on this one.  Let the Republicans make their case, and expose for all to see their lack of seriousness about deficit reduction, and their top-down approach to economics.  I think this is a fight worth having.