Please read my response in its entirety before judging it. Thank you.
First of all - I am glad the tax cuts were extended because it enabled me to keep five affiliates. We had actually postponed some projects because we were unsure of how much cash was free to pay affiliates.
Most of our clients are business owners -- who were holding their breath about the extensions - not because they are selfish, but because they want to employ people, but if taxes increased, their budgets would be greatly reduced.
Furthermore, why is it that two people simply living together can make $200,000 each, for a total of $400,000 annual household income, but a married couple can only make $250K before they are pushed into the next tax bracket? Unfair. :|
Where we need to cut back is in controversial spending - anything that is not directly related to defending our country and supporting the majority consensus' view of citizens' well-being.
These bailouts - which were first done in 2008 by a democratic congress, signed by a republican president - are ridiculous. Monetizing the debt is ludicrous. Giving tax dollars to big bankers -- wrong. Printing more money - outrageous. Reduce spending, period. But, let people be rewarded for their hard work & diligence -- not penalized with higher taxes. Why is anyone owed anything from someone else. They're not. PERIOD.
We had a tough year in 2009 & part of 2010 -- at times didn't know how we were going to buy groceries. But we refused to apply for government assistance because we believe the system is corrupt. yes, I know we pay taxes to support it, but -- I just couldn't do it. Rather, we prayed, trusted God ( I know that won't sit well with some people - but let me tell you, without our even telling a person about our financial situation, God put our family on other people's hearts, who responded by bringing groceries or cash - saying, "We just felt God wanted us to give this to you.") Through diligence and hard work, our business has turned around and is thriving again. (This was the second time the proverbial "bottom fell out" -- the first time was a few years ago, and we were on gov't assistance for 6 months - food stamps only. But we determined - never again - and stuck to it.)
I am not entitled to anything, nor do I feel anyone else is. We give over 30% of our income to help others - on our own, without anyone telling us how to spend the money. And - with these tax cut extensions, we are able to help three college students, a family in Germany, a single mom earn decent money.
A lot of reform is needed in our government spending.