Unemployment benefits and tax cuts will help middle class Americans, argued President Obama. True, but the plan helps everyone else, too – except the ballooning deficit.
Instead of extending the $75 billion tax cut for the wealthy, who will hide it under a mattress, shift the tax cut to benefit low- and middle-income wage earners, who will spend it.
Call it Uncle Sam's hidden mandate. IRS forms are so complex 89 percent of taxpayers spend money for help getting them filled out.