Almost every serious economist agrees on the matter. Even voodoo economist Alan Greenspan said the cuts should be allowed to expire.

It adds to the deficit
It doesnt pay for itself
It doesnt create jobs
It creates more wealth inequality.

I dont understand why the topic is even up for debate.

Maybe its silly for me to assume, but I would assume that anyone in the 300k to 1 million range who actually votes democratic is probably also logical enough to understand why the bush cuts are bad.

Adding... The Wall Street Journal!

You're obviously not reading this graph the way the Typical WSJ Daddy Warbucks reads it, which is from the bottom up, squinting at that first (to us, it's the last) income bracket through his gold-rimmed monocle while sipping his vodka gimlet, then tracking to the right to see how very, very long that blue Obama Tax Line has become, how blissfully short it was under Bush, and then spit-taking explosively all over his Guatemalan shoe-polisher as she darns his alpaca-knitted socks with golden silk spun directly from the endangered bottom of Bombyx mandarina and bellows, "Wha-wha-WHAAAAT?!" in a comically foppish brogue vaguely reminiscent of Patrick Stewart thundering away at some Charles Dickens.

Read that way, it makes perfect sense.

Its freightening just how easy it is picture what you're describing, Elvis.

When thinking of a "Typical WSJ Daddy Warbucks" I can't stop picturing scenes from Trading Places.

"Five dollars!"

"Half of that is from me!"

"Thank you, Mr. Mor-ti-mer. Maybe I'll go to the movies. By myself."

[Smug, self-satisfied grins.]

"Oh sure, like he went to Harvard"

LMAO @ ELDING!!! :)

These assholes [Republicans] have been decreasing the taxes of the wealthy since Reagan, and they know perfectly damn well that it hurts us, and hurts our economy.

Great graph........definitely going to be posting it.

Just realized I missed a golden opportunity to insert one of my patented Quoted-Middle-Names in that long rant, there. So let me append the above thusly:

You're obviously not reading this graph the way the Typical WSJ Daddy "No, Seriously: I Made All My Bucks With War Profiteering" Warbucks reads it...

85%highest marginal rate under Eisenhower. Prosperity and jobs... no, we don't want to go back to that

well, we know by looking at them that all those tea party types are pulling down over 1 mill per year. It makes sense why they think obama will raise their taxes.

I have a hard time understanding why everyone wants to tax the only people who have enough money to start a company and furnish jobs to some of us that are less fortunate. I have never been offered a job by someone making less than $100,000. If you have been hired by someone in the poverty level I might see why taxing the people with money is a good idea. Until then I think I want those people to keep more of their money so they can hire electricians, plumbers, carpenters, etc to further the economy.

Two earner family here with six children, five under age 18, making WAY LESS than 300,000, in fact way less than $100,000.00.

Currently each child is allowed a $1000.00 deduction, and when the tax cuts expire, it goes to each child being allowed a $500.00 deduction, so we'll owe Uncle Sucker $2500.00 more just from that change, even before we get hit with the Marriage Penalty, which will also be re-instituted.

Now go ahead and lecture me on how I have too many children. That way you won't have to recognize that your premise that ending the Bush Tax Cuts will only hurt those making over $300,000.00 per year is INCORRECT. As I said in the first paragraph, we are way under that, in fact we are way UNDER six figures in income and have been ever since we have been married.

Yes but you're a selfish jerk who has 6 kids and thus can use them as a tax write off. The VAST majority of Americans who make under 300,000 don't have that many kids they can use as a write off, so when their tax rates get lowered they actually pay less. You, however, are going to be reaping what you have sown and getting what you deserve. Your kids don't deserve it, but hey you're the one who had them so I'm sure that you made sure you had the means to take care of them beforehand with or without the Bush Tax Cuts, considering they've been temporary since the beginning. I know that I, and almost all of the people I know, am looking forward to the Bush Tax Cuts finally expiring so that we are no longer actually paying more so that the rich can pay less, but then again no one I know is selfish enough to have more than two children.