Why tax cuts for the rich make no sense

Democrats and Republicans agree on extending tax cuts to the middle class. People who are already struggling to get by do not want to see their taxes go up on January 1.

The question is how to define middle class and whether to give tax breaks to the rich that would add nearly three-quarters of a trillion dollars to the deficit. How the two parties handle this question in the next few days or weeks will signal who they really are, whether they will be able to govern together with a divided Congress, and what lessons they took away from the election this month.

bill clinton newt gingrich sarah palin al sharpton bill oreilly