In the middle of hard economic times and high unemployment rates, the House Democrats have voted to increase taxes. CNN reports:
Congressional Democrats rammed a bill through the House of Representatives Thursday permanently extending the Bush-era tax cuts only for families making $250,000 a year or less.
It would maintain the current Alternative Minimum Tax limit for two years.
The measure, which passed on a sharply polarized 234-188 vote, would allow the Bush tax cuts to expire after December 31 for the wealthiest Americans. Most Democrats backed the bill, while most Republicans opposed it.
While it's true that the Democrats voted to maintain current tax rates for some, it's not smart economics to raise taxes in the middle of a recession. Just ask John F. Kennedy: