Throw down some beats, please. Sen. Mitch McConnell and Rep. John Boehner must be ready to shimmy after President Obama's compromise to extend the Bush tax cuts for the rich.
Call it the tax-break dance. And set it to a James Brown soundtrack:
"I got mine and don't worry 'bout his
Get on up and shake your moneymaker!
Yeah, shake your moneymaker!"
Yep, individuals who make over $200,000 a year won't have to give that extra 4% to Uncle Sam. That includes all the billionaires on the Forbes 400 list - and 4% of a billion adds up.
Our lawmakers aren't listening. Last week, 50% of Americans The Associated Press and CNBC polled said they wanted Bush's tax cuts for the wealthy to end Dec. 31.
Conservatives might argue, and the folks who sent stocks briefly soaring Tuesday would seem to agree; you know, the rich will spend this government bonus and it'll trickle down on us.
Let's follow the money:
You're a rich guy and with the tax breaks, you're going to stay that way. Where do you go? Manhattan Motor Cars, of course, to pick up the 2011 - Lamborghini Gallardo Superleggera.
It's only $262,655. Jeff Drajin, the company's manager of luxury brands, says the extension of the Bush tax cuts should make sales even better.
"No fear of the unknown now," he says. "Customers know that, at least for the next two years, they'll have the tax cuts."
Even in the depths of this year's recession, Drajin sold 20 Lambos.
So what did he do with his pretty penny?
"I bought a house," he says. "And I got Wolf and KitchenAid appliances."
Okay, both are made in the U.S.A., but what about John Cuccolo, the 34-year-old salesman at Topline Appliances in Westfield, N.J., where Drajin made his buys?
"I'm married, and we have a 2-year-old girl," Cuccolo says. "I have to be more cautious now. I'm going to save at least half of it."
So the buck stops here. With the middle class. And that stinks!
We're simply not getting our proportionate share, as people did after World War II. The distribution of wealth isn't a pyramid anymore - it's like a top-heavy mushroom.
The Federal Reserve says last year the richest 25% of U.S. households owned 87% of all the wealth. The middle class - 50% - owned only 13%, and the poor - the bottom 25% - forget about it.
Not all rich people are greedy. Warren Buffett followed his friend Bill Gates' lead and gave $31 billion to Gates' foundation to help children's health and education.
So here's a challenge to the rich conservatives who pushed these tax breaks for people who don't need them: We challenge you to take some of your tax break and give it back to the Treasury.
Thousands of Americans, from schoolchildren to ordinary workers, have done so. This year, they sent in $2,840,466.75. "Usually in amounts of 10, 20, 30 dollars," a Treasury spokeswoman says.
Conservatives claim they're worried about the deficit, which as of Tuesday was damn near $14 trillion. They never seem to want to pay it off.
They have what we call short-arms - they can't reach the table when the check comes. That deficit's gonna swell like Bristol Palin's stomach.
But, they sing along with James Brown: "I got mine and don't worry 'bout his." email@example.com