Bush Tax Cuts Cost Americans $21,000 Between 2000-2008

The Bush Tax Cuts are the center of many discussions on Capital Hill. They've garnered a lot more attention than have other measures such as the unemployment extension. Supporters of the Bush Tax Cuts, mainly the GOP, say that they are necessary to promote economic growth. Critics say that it is the very cuts which cost the government billions of dollars, and ultimately lead to the demise of the country's economy.

According to Tax.com, the Bush Tax Cuts may have cost the average American citizen $21,000 between 2000 to 2008. Of course when you use the "average" it takes into consideration the ultra rich along with the poorest of citizens all together. Using the median data may have yeilded a bit more accurate analysis, but without the data they used it would be impossible to draw a conclusion on my own.

The cost of the tax cuts is attributed to the loss of income, as from 2000 to 2008 incomes actually fell. Prosperity through the Bush Tax Cuts were promised, yet not delivered.

Still yet, a lot happened from 2000 to 2008. The 9/11 attacks and the collapse of the housing industry and financial markets really wreaked havoc on a lot of Americans' income. You can read the full analysis at Tax.com here.

Should the Bush Tax Cuts be extended? Or is our economy to the point where we need to actually pay higher taxes in order to ensure we meet our obligations? It's a hard question to answer. What are your views?

Americans Want to Work Act and Middle Class Tax Cuts

The Americans Want to Work act and Middle Class tax cuts are two hot topics as we enter the political season. There are numerous primaries tonight, and many voters will have these two items on their minds.  The Bush Era Tax Cuts are set to expire at the end of this year, and Congress needs to act if they plan on extending them.


The GOP wants an extension of Tax Cuts, but the democratic party doesn't want to keep taxes low for the ultra wealthy.  Although he supports full reinstatement of all tax cuts, House Minority leader John Boehner has expressed that if the only way to keep taxes low for some Americans is to extend the cuts to the wealthy, he will do that - but the best case scenario is to extend all cuts. 


On the other hand, the Americans Want to Work Act is sitting in Congress's queue, and it almost looks as if it should be named the "Congress Doesn't Want to Work Act" based on the non-action taken on the move for another unemployment extension. 


The fact remains is this: we need tax cuts, and we need the Americans Want to Work Act to be passed. It's that simple. Keeping taxes lower for everyone and extending unemployment will do a lot to make the economy a lot better. 

George W Bush 911 Quotes and Speech (VIDEO)

George W. Bush's 9/11 quotes and speech are being played today in memorials the world over.  Bush was the president the day of the 9/11 terrorist attacks. He was hailed as a world leader, and his resolve after the 911 attacks was applauded.  This was before the Iraq war, before his popularity waned.


During his re-election campaign in 2004, he was hailed as the commander in chief during the 9/11 campaign.  We were a country at war, and he was our fearless leader.


A transcript of George W. Bush's address to the Joint Chiefs of Congress following the 9/11 attacks can be found here. 


Although the former president receives a lot of flack, he still lead the country on one of the most difficult days we have ever experienced, and took  swift action.  See below for a video of George W. Bush discussing 9/11.