4 out of 5 Americans say it is at least “somewhat important” for Congress to extend the Bush tax cuts before they expire at the end of the year, according a recent poll by Gallup.

In the same poll, more than 50% of Americans say it is “very important” that Congress act to prevent the estate tax from going up significantly next year as it is scheduled to do.

Most Americans say the Democratic-run Congress should address the important issue of taxes during the lame duck session between now and the start of the next year, when the Republicans take control of the House.

But the Democrats in the House have been divided on how exactly to address the expiration of the Bush tax cuts. Some have crossed the aisle to join Republicans to demand the cuts be extended for all income levels.

President Barack Obama and a majority of Democrats have been critical of the tax cuts since they were enacted by a Republican Congress and former President George W. Bush.

But severe public outcry over the President’s insistence to eliminate the Bush tax cuts all together has resulted in Obama easing his criticism of the tax cuts for lower-income earners. However, he insists that taxes be raised only on those earning more than $250,000 a year – including small businesses that file as individuals.

Does President Obama understand that cutting the Bush tax cut will hamper the key to reviving the economy – job growth?

Respectfully President Obama, extending the Bush tax cuts for all Americans is the right thing to do, both politically and economically.

Source: New York Post, gallup.com