One thing that's missing, particularly in the tax cuts for the rich debate, is the difference in actual tax rates for us middle class and the rich. From my pay check withholding (single) I'm paying about 30%, plus my employer is paying another another 7.6% for SS, plus sales tax and my taxes are pushing north of 35%. The rich on the other hand pay mostly capital gains which maxes out at 15%. Throw in deductions for things like real estate and such and the real tax rate is probably closer to 10%. (Citations and actual figures gratefully accepted)

The rich dont need additional tax breaks. They need to pay tax rates closer to what the rest of us do.