Cuts for All: Senate GOP Throws Down the Gauntlet on Bush-Era Tax Cuts
- Posted on September 13, 2010 at 8:20pm by
Meredith Jessup
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Senate Republicans, led by Minority Leader Mitch McConnell, put a stop to rumors of a possible tax-cuts compromise today, introducing their own legislation that would maintain Bush-era tax rates for all Americans, regardless of income level.
Congressional Democrats and President Barack Obama have previously signaled support for allowing the extension of all tax cuts, with the exception of cuts for America’s top earners. On Face the Nation Sunday, House Minority Leader John Boehner hinted that he would vote for Democrats’ plan, but in a speech today from the Senate floor, McConnell insisted that the GOP is united and unwavering in its support for tax cuts for all income levels.
For the past 19 months, the American people have waited patiently for the Obama administration and Democrats in Congress to help them turn the economy around. And time and time again, the administration and its allies in Congress have turned a deaf ear. Rather than implement the policies that would free up capital, lead to investment, and create good, lasting, private-sector jobs, Democrats in Congress have passed one sweeping, government-driven scheme after another, then asked taxpayers to put it on their tab. …
Americans have had it. They’re tired of Democrat leaders in Washington pursuing the same government-driven programs that have done nothing but add to the debt and the burden of government. We can’t allow this administration to demand that small business owners in this country pay for its own fiscal recklessness. And that’s why I’m introducing legislation today that ensures that no one in this country will pay higher income taxes next year than they are right now.
With a clear majority in the Senate, Democrats are not forced to put the legislation to a vote. But with a number of Democrats facing tough re-election campaigns in November, McConnell may be able to pull some bipartisan support for the bill. With enough Dem defectors, McConnell may be able to bring his bill to floor before Congress recesses again.
If Congress fails to act, the tax cuts enacted under former President George W. Bush will expire at the end of this year, resulting in higher tax rates for all income levels.
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oldsalty1
Posted on September 14, 2010 at 2:58pmI have only one problem with the minorities speaker. It would be impossible for the President and democrats to turn a deaf ear. Anyone with ears the size of the Presidents could not miss any whisper.
Report Post »rfycom
Posted on September 14, 2010 at 9:14amHere is an additional fact I just found. A democrat is supporting the end of the tax cuts for the rich. He says the rich account for 30% of the consumer spending annually. BUT, according to Moodys, historically rich people save money coming from tax cuts. The truth is in there, you just have to search for it.
If you are in the middle or poor don’t support the end of the tax cuts for the rich. It is demand that drives jobs not tax cuts for the wealthy. Jobs will increase when this country starts spending money again. PERIOD.
Report Post »rfycom
Posted on September 14, 2010 at 8:33amSorry don’t think giving the rich tax cuts is a good thing. Paying for falls on my shoulders and my children’s shoulders. After all, we are borrowing money for this. Come on people don’t get blinded by the light.
Report Post »MikeinIdaho
Posted on September 14, 2010 at 11:07amThe so-called “rich” are also the small business owners who provide jobs for middle class and poor people. Most small businesses are taxed as individuals and are not really “rich”. As for demand driving the economy, you are correct. But if i don’t have any money, because I don’t have a job, because the “rich” aren’t hiring, the there is NO demand! Stop with the class warfare, please, it’s counter-productive!
Report Post »emertz8413
Posted on September 14, 2010 at 8:15amI guess only time will tell if McConnell can hold the Republicans together. I’m not holding my breath. Too many of them have shown they can be bought, and, those that have taken the bribes are not up for re-election. (Brown, Snow and that other Maine woman whose name escapes me at the moment)
Report Post »R Bernstein
Posted on September 14, 2010 at 7:44amThe Republicans had better hold the line on the tax cuts. If we let them expire, that will only take more money away from the only people who actually have the ability to create jobs. Business people are in business to make money, not just to give money to the government. The more money you take from those “rich” people, the more likely they will have to let more workers go. That only drives up unemployment and reduces the taxes the government so desperately wants to redistribute to everyone else. My 7 year old understands this simple math. Why is that so difficult for Obama and the Dems?
Report Post »rfycom
Posted on September 14, 2010 at 9:18amDemand drives jobs. Would you invest in a company where there is no demand for your products and services. Yes, you might, but there has to be a clear line ahead that shows a return in your investment. That would be a true business investment. An investment to create new sources of revenue. These type of investments are not enough to create any measurable dent in the job situation. The tax cuts for research and development will help more. RICH people will safe the money. History shows us time and time again.
Report Post »Time_To_Stand
Posted on September 13, 2010 at 11:12pmMinority Leader Mitch McConnell, take a stand and don’t give in. You even have a few Democrats that will vote with you against letting these tax cuts expire.
Americans need to get back to work and extending these tax cuts will help.
It is our money and returning it back to us puts how it is spent in our hands.
Stand strong – don’t cave.
Report Post »vonryansexpress
Posted on September 13, 2010 at 11:12pmSen. McConnell is a lot tougher than his easy manner of speech promotes.
Don’t dispair Citizens. There is a great nation under all this debt and fear.
Good legislators are waiting for Nov. 3rd to break out the Lysol and the chisels.
Report Post »GeneralC_USA
Posted on September 13, 2010 at 10:38pmA few thoughts:
Report Post »1. Nothing will be done after the November election. Republicans will not gain a veto proof majority. It will be nice just to have a majority. Without a veto proof majority, every repeal voted on will be vetoed.
2. Obama’s goal is the progressive goal, to destroy America. Each decision he makes is bad for America and against voters, because he wants to destroy America.
3. Obama claims to be a Christian, but denies personal salvation through belief in Christ. He believes in something he calls (not exactly correct phrase) collective salvation. If salvation is accomplished through a collective, then for what reason did Christ die on the cross? If you deny redemption through the blood of Christ, then how can he call himself a follower of Christ, a Christian?
4. Mohammad, in the Koran, says Jesus Christ is a Prophet. Jesus says He is the way, the truth and the light. No One can come to God except through Him, our Lord Christ. So this leaves one of three options. A) Christ is a liar and should not be considered a Prophet, or B) Mohammad is a liar in calling Christ a prophet., or C) both are telling the truth and Muslims should become Christians and follow Christ as directed by Mohammad.
rfycom
Posted on September 14, 2010 at 9:43amI don’t think Obama is out to destroy America. You could argue both parties are doing just that. It isn’t about one man or one party trying to destroy American. It is about a different way of arrive at the same goal. Who’s right? that is the question
Report Post »broker0101
Posted on September 13, 2010 at 10:37pmNot to burst your (slightly self-righteous) bubble, but “(L)ooking at historical data to arrive at a reasonable conclusion.“ is pretty much the definition of ”ideology”. Don’t be afraid to embrace an “ideology” once you have educated yourself (which you obviously have).
Report Post »RojBlake
Posted on September 13, 2010 at 10:45pmYou’ll have to forgive me, most people that I have encountered who cling to an ideology do so without bothering to look into the data.
Report Post »broker0101
Posted on September 13, 2010 at 10:58pmYou are obviously surrounded by morons. It must be frustrating. On the other hand, resist the temptation to simply call those with whom you disagree “ideologues” – or any other name, for that matter. Engage everyone with easily provable facts and if you find yourself consistently losing arguments, get more facts.
Report Post »RojBlake
Posted on September 13, 2010 at 11:07pmbroker0101,
I’m sorry maybe I should be clearer…I have encountered many who maintain the following attitude…”I’ve made up my mind, don’t confuse me with the facts”.
When people are open to debate & facts I don’t consider them ideologs, perhaps I should use the term “rigid ideologs”.
Some of the “so-called trolls” are like that, I have no doubt that many of them intend to be provocitive, but others sincerly believe this stuff & no amount of reasoned debate, fact, or data means anything to them.
Report Post »broker0101
Posted on September 13, 2010 at 11:19pmI certainty don’t qualify for an apology. I probably should have been clearer, too. My point is, once we’ve formed a cohesive philosophy (on politics, religion, etc) in which we deeply and strongly believe, we can and should defend it. Don’t apologize to anyone for that which you truly believe. Doesn’t mean we quit learning.
Report Post »RojBlake
Posted on September 13, 2010 at 11:23pmI agree wholeheartedly.
Report Post »sailfished
Posted on September 14, 2010 at 1:48pmIsn’t the framework of the entire debate irrelevant? The only politicians I trust are the ones who are being brutally honest regarding the serious choices we as a people have got to make . We are broke , their is no money, . It“the remedy” will either be brutal and short or agonizing and perpetual . Freedom is not gonna be free this time ,if it ever was. peace
Report Post »RojBlake
Posted on September 14, 2010 at 11:37pmsailfished
Not entirely, while it is true that we are in danger…we haven’t gone past all hope…yet.
That’s why elections still have some merit, reducing tax rates will increase revenue which will buy time, if we also elect cantidates that will reduce spending we have a chance.
I personally am in favor of a flat-tax, & everybody will then have an interest in how the system works. Until we are all “in the same boat” so-to-speak we will continue to be subject to the oldest tactic there is…divide & conquer.
Report Post »123halle
Posted on September 13, 2010 at 10:36pmmcconnell is only doing this because his people are not happy with him I know because I voted for him. he only comes out of the wood work when he is close to elections . I hope he is throwen out to
Report Post »MikeinIdaho
Posted on September 14, 2010 at 11:10amWho is the conservative who will replace him? Are you working to get that individual elected? If not, why not? You must be part of the solution, or else you are part of the problem!
Report Post »broker0101
Posted on September 13, 2010 at 10:32pmQue the lefty rebuttal: “Republicans hold middle class hostage over giveaways the rich”. Their playbook NEVER changes. Unfortunately, their base is stupid enough to believe it.
Report Post »RojBlake
Posted on September 13, 2010 at 10:25pmI’m not one of the Reagan fans that think the guy walked on water, I’m an independant not an R or a D; however it makes sense that if Reagan’s policies of “government is the problem” & if JFK believed that lowering taxes & regulation; & if the 104th congress instituted an economic turnaround…it stands to reason that “government is the solution” & more taxes & more regulations would prolong the problem.
This is not ideology, it is looking at historical data to arrive at a reasonable conclusion.
Report Post »GeneralC_USA
Posted on September 13, 2010 at 10:44pmWhat!? Left philosophy is that if you put the same thing into a function, you can get a different result. Therefore, what happened in the past does not matter. This time there will be a different result to the same input. Just because a hammer falls to the ground every time it is dropped, does not mean it must fall to the ground again. If we wish it hard enough, the hammer just may float upward.
Report Post »broker0101
Posted on September 13, 2010 at 10:44pmNot to burst your (slightly self-righteous) bubble, but “(L)ooking at historical data to arrive at a reasonable conclusion.“ is pretty much the definition of ”ideology”. Don’t be afraid to embrace an “ideology” once you have educated yourself (which you obviously have).
Report Post »Sorry for the Duplicate post below.
AChristian
Posted on September 13, 2010 at 10:14pmPatriot4Ever
Right On Brother.
I learned that in the 60′s. I was a radical then. But I grew out of it in the 70′s. Regressive Dems kept drinking the Kool-Aid. Pseudo-Intellectuals, aka Regressive Dems are living not in the 60′s, but in the times of Woodrow Wilson & FDR! Wilson & FDR were Racist, Radical, & Communist Wannabe’s.
Billy Jeff Clinton & PinochioBama fit the description of Pseudo-Intellectuals, and are also Racist, Radical, & @ least Marxist Wannabe’s.
Report Post »Slayer
Posted on September 13, 2010 at 9:47pmThere is no point in cutting taxes if you’re going to spend like goddamned fools. It will fail utterly, make things worse, and we’ll never get tax cuts again this decade. Good Lord, is there any competent leadership on the Right up in DC?
Report Post »BigWes
Posted on September 13, 2010 at 9:31pmHow about we cut spending first THEN figure out who should be spending what in taxes..
Report Post »ampatriot
Posted on September 13, 2010 at 9:27pmthere better be more logical suggestions like this one stated before november, get the laundry out now so We The People can see just what the progressives are really about. the masks are off now..!!
Report Post »Angel D
Posted on September 13, 2010 at 9:17pmObama’s class warfare is tired!
Report Post »uneedmorekoolaid
Posted on September 13, 2010 at 8:55pmAMEN MITCH McCONNELL!!!!! Bout Time you guys grew apair and spoke up now the rest of the GOP needs to keep calling this from the hill tops. If the dems don’t put this thru they will be hung in Nov, not like won’t be know.
Report Post »smartypoop
Posted on September 13, 2010 at 10:03pmThis was the right response and its about time they started fighting back. Long overdue IMO
Report Post »patriot4ever
Posted on September 13, 2010 at 8:51pmI have to disagree with the following part of this…”…the American people have waited patiently for the Obama administration and Democrats in Congress to help them turn the economy around.”
We are not patiently waiting.
We know they will not turn it around.
Those of us that understand what’s really happening know that the demise of our economy is INTENTIONAL via the Cloward and Piven strategy.
The Marxists in the gov’t will do everything they can to collapse the system beyond repair as quickly as possible.
The Progressives are more patient and will back track occasionally…it‘s like taking two steps forward and one step back so the changes aren’t as apparent and ‘they’ appear to less radical. They still make ‘progress’ but it’s much slower than the full on assault coming from the Marxists.
Report Post »Psychosis
Posted on September 13, 2010 at 8:45pmhttp://www.youtube.com/watch?v=-pT5TzscY0g
Report Post »Psychosis
Posted on September 13, 2010 at 8:43pmhttp://www.youtube.com/watch?v=-pT5TzscY0g even disney had it right in the 1960s before of course its current owners
Report Post »K.G.
Posted on September 13, 2010 at 8:38pmObama doesn‘t give a rat’s behind about the economy. Or is just stupid. If he cared, he would, on the day he was elected in Nov., have announced that he would keep the Bush tax rates in place, cut capital gains taxes, and kept the estate taxes at 0 at least until the economy comes back.
If he had done this, we would be climbing out of the recession by now. He would have restored stability and predictability, two things the markets love.
In reality, businesses have been acting like the tax hikes are already in place. Investors and business owners are paralyzed with fear of the unknown.
The debate rages: Is BO a knave or naif? Sinister or just an ideological idiot? Any fool could see that the proud progressive poo-poo train was going to lead us, not out of the ditch, but over the cliff.
Don’t believe me? Just look at my once Golden State Cacafornia. High taxes, absurd regs, impossible entitlements, open borders, out-of-control borders, and public employee unions taking us under have driven the tax base off-shore or to neighboring states.
Listen to Mort Zuckerman, no dummy even tho he voted for BHO. He’s “very worried” about the economy, sees no hope anywhere in sight and blames his despair on the fact that “our politicians have failed us.”
No kidding.
Report Post »rfycom
Posted on September 14, 2010 at 9:19amCaring isn’t the issue from either side. Don’t blade the player blame the game.
Report Post »Republic
Posted on September 13, 2010 at 8:37pmThe Republicans better learn how to be real conservatives, because here comes the Tea Party to do the job if they won’t.
Report Post »REVEL
Posted on September 13, 2010 at 8:30pmThis is the wrong time to raise taxes for anyone. November will be a strong message.
Report Post »PaleRyder
Posted on September 13, 2010 at 8:28pmThe ONLY time the lying left is interested in even mentioning tax cuts are during an election year. They will say anything,lie through their tooth and backtrack within hours of the election being called.If anyone,believes anything these lying lepers of the left are saying,they need their head examined.
Report Post »Eagle07
Posted on September 13, 2010 at 9:19pmGuaranteed if passed Osama waits till after the election to veto it.
Report Post »Large Eagle
Posted on September 13, 2010 at 9:43pmWouldn’t it be great if we could get 2/3 this Novemeber election (short a few seats bummer) – we not only would pass the extension – would impeach him.
Report Post »PeterBreitholtz
Posted on September 13, 2010 at 10:06pmEither you repeat the same conventional doctrines everybody is saying, or else you say something true, and it will sound like it’s from Neptune.
Report Post »~Noam Chomsky
M31Sailor
Posted on September 13, 2010 at 10:38pmPeter
Also from Chomsky
The Bible is one of the most genocidal books in history
danglingbags
Posted on September 14, 2010 at 8:26amWhat more evidence do you need the GOP only cares about the rich white man. He uses all other angry white men to do their bidding via sarah and glenn.