In “The Road Not Taken,” poet Robert Frost wrote, “I shall be telling this with a sigh somewhere ages and ages hence: Two roads diverged in a wood, and I — I took the one less traveled by, And that has made all the difference.”
Watching the political posturing about whether to extend the Bush tax cuts, many of us have begun to wonder if Congress can ever solve the real fiscal problem of the long-term cost of entitlement programs. It will be interesting to see if those who today believe the “rich” don’t need the tax relief will continue to hold that position on other fiscal issues.
Some — mainly Democrats — want the cuts to be preserved for those making less than $250,000 a year. Others argue many who make more than that are small-business owners, and the resultant “increase” will be a drag on business growth. Congress appears to have kicked the can on this decision down the road to the lame duck session or beyond.