One important point to understand the speed at which these actions are happening.. As the deadline for the current tax breaks draws near, there is increasing u

One important point to understand the speed at which these actions are happening.. As the deadline for the current tax breaks draws near, there is increasing urgency around the administration push to extend and potentially expand these benefits, particularly for billionaires ;-) Despite having the political upper hand through control of both the House and the Senate, there is a significant obstacle: The massive federal deficit. To make these tax cuts feasible, the administration would need to offset the cost by cutting government spending. Unfortunately, much of that spending goes toward social programs, meaning millions of Americans who rely on government support could be adversely affected. It's a shame the needed tax raises are not in discussion.