Should we extend the tax cut for the rich ?

That seems to be the hottest national political issue. The Bush income tax cuts that we have all been enjoying, come to an end Dec. 31 unless extended. Most all seem to be in agreement that the tax cuts should be continued for those whose household income is less than 250,000 dollars per year. But should it be continued for those making more than that? No one seems to know which would be best for the national economy. And I sure don't know. The Republican leadership favors the extension for the rich. The Democratic leadership is opposed. It is estimated that there will be a loss of revenue of about 700 billion dollars over the next 10 years if the tax cut for those making over 250,000 is extended. What do you think?
LSmith6100@kc.rr.com