It is simply impossible to believe that refusal to extend the 2001 and 2003 cuts will not harm the economy and endanger the nation's economic health.
As the Heritage Foundation has noted, both the president and the congressional leadership have portrayed this debate as one between the "haves" and the "have nots," the old tactic of promoting class warfare.
Instead, says Heritage, "This is a contest between those who want the blessings of strong economic growth versus those in Washington who would willingly sacrifice those blessings solely to satisfy their appetite for more revenues.
Heritage concluded that politics "has taken grip on this tax policy debate; the president in particular is making it a political debate rather than one on economic policy. The economic effects of not extending the 2001 and 2003 tax laws would impact all Americans, especially those who will just start their economic lives and the millions more trying to find work after the worst recession in 60 years."