Showdown: Reid Says ‘Permanent’ Tax Cuts ‘Won’t Happen’
- Posted on November 3, 2010 at 10:34pm by
Meredith Jessup
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Democrats may have lost control of the House of Representatives to the Republicans in Tuesday’s elections, but the six seats the GOP gained in the Senate weren’t enough to take full control of Congress and avoid compromise on key issues such as the Bush tax cuts.
After a conference call with his Democratic colleagues Wednesday, Senate Majority Leader Harry Reid, D,-Nev., explained that Democrats “are focused like a laser” on tax cuts “for the middle class,” and said he hoped Republicans would not block these plans.
But even before Tuesday’s decisive election results, Republicans expressed unwillingness to compromise on anything short of extending tax cuts for all Americans and have introduced legislation to make them permanent, explaining that a recession is no time to raise taxes.
While Reid may be open to a compromise on who receives the tax cuts, he seems resolved against making the cuts permanent. “We are not ostriches with our head in the sand someplace. We’re willing to pull our head out and look around if they have some better ideas. But I think that the legislation introduced by my counterpart, Mitch McConnell, where you extend everything indefinitely, that’s a road to a $4 trillion addition to the debt that we have, and that won’t happen,” Reid said.
The Congress must come to a compromise before the tax cuts expire completely on Dec. 31. But three new members joining the Senate have all expressed their support for making the cuts permanent — a potential political roadblock for Reid.
“Nothing has been decided. The only thing that everyone agrees on is to extend the tax cuts for the middle class. What, if anything else, will be done will be subject to negotiations with the Republicans,” a senior Senate Democratic aide told Fox News. Though the tax cut debate is “likely” during the lame-duck session, “next steps must still be discussed.”
During his post-election press conference Wednesday, President Obama said he plans to meet with Congressional leaders from both parties “some time in the next few weeks and see where we can move forward.”
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Comments (152)
JRntEwing
Posted on November 4, 2010 at 2:38amAdd your comments
Report Post »Chet Hempstead
Posted on November 4, 2010 at 2:24amIn the ten years we’ve had these tax cuts for the rich, it hasn’t helped anyone but the rich. Rich people don’t make jobs out of their PERSONAL income. That’s the money they’ve taken out of their businesses when they’re making a profit. The whole reason all businesses are corporations, is so the money you get out of it when it’s making a profit won’t get sucked back in if it fails. I don’t understand why people fall for this threat that they’ll stop making new jobs if taxes go up – they never started making them after they went down, or if they did, they were mostly jobs in other countries!
Report Post »gman46
Posted on November 4, 2010 at 10:20amActually Chet, Rich people do make jobs out of there personal income, they invest in companies and start-up’s. It’s from there personal income typically.
Report Post »drbage
Posted on November 4, 2010 at 10:54amFurther, with the corporate taxes in the US(the highest in the world now and set to go higher still if Dreamworks has his way) force corporations to seek out less expensive labor markets. Some go overseas while others go to right to work states. Many of the corporations also have investors and the investors put their money in hoping to make more money on profits. In the free market system, the investors won’t put their money in or keep it in, if they are not making a profit. Only the govt pours self-printed money into companies that consistently lose money, yet does nothing to turn a profit. A few recent examples: 1. When GM became Government Motors, who profited? Only the unions, the investors who had provided the capital got nothing, just pretty pieces of paper that I suppose you could use as wallpaper or frame. 2. Olin Corp in Illinois wanted concessions from the union regarding wages and vacations. Twice the union voted it down. Olin(being a private company) is responsible to its investors so they are relocating their operations to right-to-work Mississippi and taking 900 jobs with it. 3. Once again those on SS or SSI will not be getting any sort of COLA increase, because there is, according to the Washocrats, no inflation. What they did not tell anyone is that they changed the way they calculated inflation! Under the new (pro-govt) formula, inflation is only 1%; under the old(pro-consumer)formula, it is 11%. Anyone(outside of DC) who does their own shopping has certainly noticed the increase and it is not just pennies. For General Mills has announced a major price increase on Novemer 15th. They have not specified how much, but to come out and announce it, time to stock up on cereal NOW. Question for the Washocrats, didn’t you all get a 5% salary increase each of the past two years?
Report Post »tess q
Posted on November 4, 2010 at 11:53amthe rich spend that personal income. example: clinton’s 5 million dollar wedding. that took many workers to service that event and that money earned went directly into the people’s pocket. if that same money detours to the government that doesn’t mean you will benefit from it. yes the wedding was lavish so, they have it and they put more people to work because of it. i think when the rich spend lavishly you will see more small business to service that goofy lifestyle. we keep that part of the economy open then more of us will have the chance to profit from it.
Report Post »Chet Hempstead
Posted on November 5, 2010 at 12:14amDrbage – Your statement that we have the highest corporate tax rate in the world is flat out untrue. Japan at 40% has the highest by far. Many countries including Australia, France, Italy, India, Belgum, Brazil, Colombia, Pakistan and Thailiand have rates of 30% or higher, more than our federal plus the highest state tax in the country, and about double the federal plus the lowest state rate (whioch is zero).
“When GM became Government Motors, who profited? Only the unions, the investors who had provided the capital got nothing, just pretty pieces of paper”
Also not true, the main beneficiaries are the workers that those unions represent, thousands of whom would now be out of a job and depending on pulic asssistancxe if the company had been allowed to go bankrupt. The investors are better off too. Apparently you haven’t heard that contrary to your cherished belief that the government can never do anything right, GM is now making a profit, so those “pretty pieces of paper” are worth more than they would have gotten in a liquidation.
Report Post »Jsh1284
Posted on November 4, 2010 at 2:02amI agree that they should not extend the tax cuts for the top two percent! Small business owners don’t like THEIR MONEY! They would gladly give what would be money they can re-invest and hire people with OVER TO the welfare state! AND WHY NOT? We need all the money we can get from them because after all we need a LOT to be able to put them out of business and socialize their respective industries in the future!
Report Post »agree2disagree
Posted on November 4, 2010 at 1:52amSame thing in the Socialist Republic of California – The voting block has reached a tipping point where Union and government employees and Hispanics sympathetic to illegals out number and over power all who dare attempt to cut benefits and pensions.
As a conservative independent – I am the true minority in California. Nevada same deal.
Report Post »txpiper
Posted on November 4, 2010 at 2:00amCalifornia is used to nursing chinese milk from the federal breast. Perhaps the people just elected will resist feeding them now.
Report Post »Goldenyears22
Posted on November 4, 2010 at 2:06amHow long can California sustain all the welfare people? How long will they be able to aid all the illegals? Do you know that illegals get special privileges that regular citizens cannot get? California you once were a beautiful state but you have become poor and needy and do not realize it? I don’t think Jerry Brown has a clue how to get us out of this mess. The problem with liberals are they don’t think in reality, they live in a dream world of everyone being entitled. But that can’t happen forever, there comes a day of reckoning.
Report Post »milo
Posted on November 4, 2010 at 3:03amThey retired here from California. (No income tax) and hehe, California decided to tax them anyway.
Report Post »They sold their million dollar house in Commiefornia, then bought two here, and brought their damned liberal votes with them.
All they do is bitch about the heat, and us needing to learn how to drive.
I have this to say about that. “Less than a hundred years ago, we were hanging horse-thieves on Fremont street. And it’s still legal for me to strap on a six-gun and walk right down main-street.”
BurntHills
Posted on November 4, 2010 at 1:46amwe never got a job working for a poor man.
apparently reid has taken it upon himself to attempt to carry on obama’s destruction agenda on America.
Report Post »Sickofit
Posted on November 4, 2010 at 1:39amDon‘t forget to especially thank Harrah’s! They really poured on the thug arm twisting for Harry Smelly Reid!
Report Post »milo
Posted on November 4, 2010 at 1:33amjust got off the Nevada SOS site, and apparently 16,000 people voted for Senator but didn’t vote for Lieutenant Gov.
Report Post »How is that possible? This number includes “None of these…” and the machines won’t let you NOT vote for a race or question. You MUST vote for something.
milo
Posted on November 4, 2010 at 1:29am“It’s sad that gridlock is the best thing we can hope for in the next two years.”
Oh no it’s not, we have to bring this to a grinding halt. fund the Military, and fund the government while we build the hit list.
Go to Usa.gov and list all of the Federal Departments. That’ll wake you up. Just go down the A’s… Tell me we couldn’t do with half of them.
Report Post »esserdermenschlichenfleischgesellschaftfurobama
Posted on November 4, 2010 at 1:53amGridlock is better than:
Report Post »overturning obamacare
making cuts to spending
minimizing the effect and reach of government
keeping taxes at a reasonable rate for all
protecting our borders
I think not!
milo
Posted on November 4, 2010 at 2:50amNone of that will happen, we’ll be either shot down in the Senate, or Vetoed.
Report Post »The best thing that can happen now is to teach them, we will not compromise.
And to you noobies in the congress, we will not evict you for sticking to conservative principles. We know what they are trying now.
Reid didn’t go one day past the election before this.
To Reid, I say, “Your agenda won’t happen.”
We have the house, you’re not going to reverse, or enact anything. But we can defund.
We should start with the White house, but that’s just me.
drattastic
Posted on November 4, 2010 at 1:25amWell I guess Reid feels hes unbeatable as long as a blackout is always available to summon when the voting tightens up.
Report Post »IMRAW69
Posted on November 4, 2010 at 1:14amHe’s sold his soul.
Report Post »BoilitDown
Posted on November 4, 2010 at 5:29amYes, he sold his soul to big labor and the demons that control it. You union folks out there have purchased Harry with your pension money with or without your consent. It’s time to oust the big labor leaders.
Report Post »milo
Posted on November 4, 2010 at 1:03amHarry,
Report Post »We are NOT giving you another 4 trillion to piss away again. It’s not like you want to pay down the debt. You and the “almighty” want to spend it.
Who are you trying to kid?
Another third of the Senate in 2012!
CraigColvin
Posted on November 4, 2010 at 8:30ammilo- then the last 1/3 in 2014 with an eye on the need to replace those that succumb to the Washington greed disease after being recently elected. We need to be vigilant and pro-active. Find the good candidates-encourage all citizens to be a part of the process and structure.
Report Post »esserdermenschlichenfleischgesellschaftfurobama
Posted on November 4, 2010 at 1:01amIt’s sad that gridlock is the best thing we can hope for in the next two years.
Report Post »CatB
Posted on November 4, 2010 at 2:49amI’ll take gridlock over the past 2 years ANYDAY!
Report Post »sagebrush rebel
Posted on November 4, 2010 at 1:01amI’m still in shock this lowlife made it back to Congress…..The Senate will have a huge credibility problem with the voters as long as he is in charge there.
Report Post »Rogue
Posted on November 4, 2010 at 12:50amI love how Dems throw around the figures like “$4 trillion more debt” for tax cuts. HELLO – it’s not a debt, it‘s people’s money that you let them keep! Why don’t they just say, “That’s $4 trillion we won’t be able to spend on things we want.” Here’s a crazy idea – cut spending so you don’t have to rely on outragous taxes just to stay afloat!
Report Post »agree2disagree
Posted on November 4, 2010 at 1:46amamen
Report Post »CatB
Posted on November 4, 2010 at 2:35amAMEN X2 … thanks
Report Post »upsetagainin2010
Posted on November 4, 2010 at 12:48amDo we have a broken record 13th?
Report Post »joseph Fawcett
Posted on November 4, 2010 at 12:48amthe battle begins, I expect that it will be a fight for the next two years. Nothing will get done and maybe that is the best thing that could happen at this point in time for Our Nation.
http://www.josephfawcetart.com western artist
Report Post »snowleopard3200 {mix art}
Posted on November 4, 2010 at 1:55amI do not think fight will do it justice, this is a all out ‘jihad’ by the Democrats and the Progressives; and do not think I find it strange to use that word for the coming showdown. The Progressives are in the last phase of crushing our country via Mr Soros, unless things start to change back and soon.
Our country collapsing will see Mr Obama and Soros sell our sovreignty out to the UN.
Report Post »13thGenerationAmerican
Posted on November 4, 2010 at 12:45amCut Taxes for the middle class they need it
Report Post »heavyduty
Posted on November 4, 2010 at 10:30amI bet you would be singing a different tune if you were one of the rich. You can’t tax the rich too much. Because they will just move out of the country and take those jobs with them. Then there won’t be any rich left to tax. Its been proven in other states that decided to tax just the rich. The rich moved out and the state lost money. The rich don’t really care where they live.
Report Post »13thGenerationAmerican
Posted on November 4, 2010 at 12:43amTax anyone over a million leave the rest alone.
Report Post »thepoopsmith
Posted on November 4, 2010 at 1:39am1: Have you ever worked before?
Report Post »2: Have you ever worked for a poor person?
3: How would you think that taking away “profit” from a “fat cat” would make the aforementioned “fat cat” want to hire more/ not fire you.
agree2disagree
Posted on November 4, 2010 at 1:45amTax all 13th generation Americans
Report Post »TrainingUp4
Posted on November 4, 2010 at 12:42amThe title of this could have been “Harry Reid against the small business owner.”
Report Post »CatB
Posted on November 4, 2010 at 2:50amHarry “the war is lost” Reid against AMERICA!
Report Post »13thGenerationAmerican
Posted on November 4, 2010 at 12:42amTax anyone who earns over 1 million leave the rest alone That is fair
Report Post »Psychosis
Posted on November 4, 2010 at 1:23amfair to who? those that dont pay any taxes? or fair to those that pay the largest portion?
Report Post »CruzerDog
Posted on November 4, 2010 at 1:45am13thGenerationAmerican
Who Died and made you boss. Piss off, now thats fair!
Report Post »LUDWIKA BRONISLAWA
Posted on November 4, 2010 at 1:46amYou know, the top 1% pay 40% of the taxes. 47% of the ‘regular’ people don’t pay any, you are right, TOTALLY NOT FAIR! >: ( Make it fair Harry, TAX THE POOR! ohhhhhhhh I make myself laugh.
Report Post »CatB
Posted on November 4, 2010 at 2:48amEveryone should pay something .. otherwise they don’t have a “dog in the fight” … and it should be very apparent what it is that they are paying to the government … some of these people would really be upset and it’s about time…..
http://www.youtube.com/watch?v=fOZ-Etb0k0Q
MAKE THEM PAY SOMETHING!
Report Post »Rational Man
Posted on November 4, 2010 at 3:54amFlat Tax!
Report Post »That’s fair!
w4jle
Posted on November 4, 2010 at 5:48amEasy to say when you live in your mom’s basement with no ambition!
Report Post »Beckofile
Posted on November 4, 2010 at 8:36amIf you don’t want to pay taxes then you forfiet your right to vote?
Report Post »peter469
Posted on November 4, 2010 at 9:22am13th Generation, the only fair tax is one that is paid by (drum roll)…..Everyone. No singling one group out over another. The progressive income tax needs to be abolished and a flat tax established. One with everyone paying the SAME percentage regardless of income. Then you will have everyone contributing, unlike today, and everyone with skin in the game. Based on studies I have seen the government will also see more income from it too. Think of it. No more tax returns to file. No need to hire an accountant to prepare your taxes and figure out how to get as many of your hard earned dollars back. Most importantly, no more demonizing the wealthy, the people who own the businesses where most Americans work…now THAT is FAIR.
Report Post »InGodWeTrust
Posted on November 4, 2010 at 12:35pmWhat gives you or anyone else the right to tax anyone based on their income? You do nothing but force them to send their money overseas instead of reinvesting it in the US. We need to think outside the box and consider a flat tax or consumption tax that will tax every person (including the 11m illegals) based on their daily purchases. If you have to think about fairness…thats as fair as it gets.
Report Post »pamela kay
Posted on November 4, 2010 at 12:28amAm I the only one that questions the election results of harry reid? I just do not believe that he won without voting fraud. This little worm could not have gotten enough ligitimate votes, NO WAY!
Report Post »LUDWIKA BRONISLAWA
Posted on November 4, 2010 at 1:01amProbably a little of that and a little union intimidation. I hope the union members will rise up and oust their dictators. What a coup that will be!
Report Post »Ezekiel38
Posted on November 4, 2010 at 1:32amNo, You are not the only! Something is fishy, very fishy! It smells like vote fraud!
Report Post »CatB
Posted on November 4, 2010 at 2:45amThe casinos and the unions were providing paid time off and rides and meals and gift cards to voters…. does that right?
Report Post »Justthefactsmam
Posted on November 4, 2010 at 5:50amI just think it’s kind of funny that when it was looking like Sharon Angle might win the results might not have been available until mid december, but since Reid won, they were able to have them overnight??
Report Post »Freedomisslavery
Posted on November 4, 2010 at 8:01amEmployees of the casinos were told to vote for him and bussed to the polling stations. Intimidation, coercion, and backroom deals were how this troll kept his office.
Report Post »Darth_Soros
Posted on November 4, 2010 at 12:25amThanks, Nevada.
Report Post »uhadenoughyet.com
Posted on November 4, 2010 at 12:29amdont thank nevada, thank SEIU and the unions, oh and lets not leave out the mexicans who were duped into believeing republicans are anti mexican because the American people are sick and freakin tired of giving our hard earned cold cash to a bunch of illegal immigrants who just send it back to their corrupt crap hole of a country, F mexico, F mexicans with loyalty to mexico, and F La Raza the unions Los Zetas and the race bater treasonous cowards that are parasites on a pissed off host
Report Post »vennoye
Posted on November 4, 2010 at 12:32amReally we should say “Thanks Unions”!!!
Report Post »LUDWIKA BRONISLAWA
Posted on November 4, 2010 at 12:57amYou know what‘s funny about the ’Hispanic’ vote, the same 8% voted as in 2008, only, get this, more voted for Republicans this time! HA! I guess the only help you’ll get from being on the side of illegals is the illegal vote. I think that one doesn’t count…..yet. btw, why are they called Hispanics if they’re not from ¡¿Hispañola?! löl
Report Post »CatB
Posted on November 4, 2010 at 2:34amI have gone to Vegas and stayed at Harrah’s … never again … those workers have put themselves out of a job as far as I am concerned … people too stupid to make up their own minds on voting or can be bought for a bus ride and a free meal or a KMart gift card (no kidding here folks that was one of the bribes!). I will stay at home and save my money …. I think the way Obama and Reid and Pelosi have been spending I will need it! Not to mention the printing of money! Obama said not to go to Vegas … well now that is one thing that I can agree with!
Report Post »Beckofile
Posted on November 4, 2010 at 8:33amWhat does not patronize Vegas will not grow the unions. It is actually a good thing that Reid stays in decreased position of power. He is a huge negative hanging around the neck of the socialist Bamster. Now we can stop the lunacy without the President having the ammo to blame the party of NO. Bam Bam actually wanted the Senate to turn so that he could run against the speaker and majority leader in 2012
Report Post »starman70
Posted on November 4, 2010 at 9:43am@UHADENOUGH.COM
A therough investigation of the Nevada voting by the FBI is in order! Of courst that is if Obama allows it.
Report Post »uhadenoughyet.com
Posted on November 4, 2010 at 12:24amhopefully this guy will just drop dead from excessive oxygen theft before the 112th
Report Post »Goldenyears22
Posted on November 4, 2010 at 2:01amHe’s getting up there in years. But I think he will live to make our lives miserable for a good long while. Thanks Nevada, but then California can’t talk either, they kept Boxer in.
Report Post »LUDWIKA BRONISLAWA
Posted on November 4, 2010 at 12:24amIf a tax RATE is ‘permanent’, then it can’t expire. The only way to cancel the tax RATE would be to raise taxes, and NOBODY wants their name on the ‘tax hike’ bill. We are NOT buying it anymore! I refuse to play the game and hopefully those wonderful people we just elected won’t play either.
Report Post »starman70
Posted on November 4, 2010 at 9:39amMy question is, how could the voters in Nevada be so STUPID asto re-elect this communist jackass?
Report Post »General K
Posted on November 4, 2010 at 12:23amDoesn’t Harry remind you of a child molester?
BurntHills
Posted on November 4, 2010 at 1:43amTOTALLY. he looks like the vile guy lurking in the shrubs. and he IS.
Report Post »snowleopard3200 {mix art}
Posted on November 4, 2010 at 1:52amMr Reid is right on the idea of them being Ostriges though, except for the head in the sand part. They have their entire bodies covered in the sand, and have just declared total war against the survival of our country, just like the Fed’s have with this ungodly QE2 fiasco starting up.
Beck is right about the master plan of Soros.
Report Post »tradexpertbuysell
Posted on November 4, 2010 at 2:10amDon’t trust any politician that looks like he was weaned on a pickle!
Report Post »tradexpertbuysell
Posted on November 4, 2010 at 2:18amCome to think of it Soros looks like he was weaned on a pickle as well!
Report Post »CatB
Posted on November 4, 2010 at 2:42amHIm and SPOOKY DUDE….. h e l l has a “special” place for the likes of them.
Report Post »Jamestown
Posted on November 4, 2010 at 3:13amHe’s willing to pull his head out of his a_s…the defense rests
Report Post »Rational Man
Posted on November 4, 2010 at 3:32amCome on everybody! We need to pay more taxes so that Dirty Harry can pay back the 200 million he owes his union buddies that got him elected. *&^%$#@##$%^^
Report Post »HouseNegro
Posted on November 4, 2010 at 7:24amNo Harry does not look like a molester. He looks like the end result of being held captive during his formative years by a molester . Thats why he is trying to screw the rest of us!
Report Post »Beckofile
Posted on November 4, 2010 at 8:28amA tax cut can’t add to the debt. It is like a thief saying that not doing the heist will prevent me from paying my bills. Lunacy
Report Post »memoon
Posted on November 4, 2010 at 9:15amhe looks like parasite to me!! How he got reelected is beyond me! Good Luck Nevada!
Report Post »ron the veteran
Posted on November 4, 2010 at 9:21amwe need to throw the whole lot of them in jail. old harry and his union buddys forced people to vote for him at the threat of losing their jobs. please some of you union workers who are sick of being told what to do and how to vote we need to expose harry for the slimeball he is. come forward and turn states evidence against him. common america lets take these commies out!
Report Post »karij
Posted on November 4, 2010 at 10:27amNevada (California) Voters: Uh, I’ll take the crap sandwich please; oh, and could you add some extra crap for me?
Report Post »Polwatcher
Posted on November 4, 2010 at 2:49pmHarry is a perfect face of the Democrat party.
Report Post »noLONGERAPAWNOFTHECARLROVEELITE
Posted on November 4, 2010 at 4:38pmThanks Nevada.
Report Post »pajamash
Posted on November 4, 2010 at 6:29pmLMAO…permanent tax cuts…LMAO…permanent tax cuts….Harry, unfortunately there is no such animal.
Report Post »Paradigmm
Posted on November 5, 2010 at 1:00pmPerhaps if all of you are done with the ad-hominem attacks and name calling you could answer a couple of questions.
1. How does the personal income of corporate CEO’s effect whether or not that company can hire or fire employees?
2. If keeping the tax cuts for the rich will add $700 BILLION (over ten years) to the national debt and taxing the rich will mean an income of $700 BILLION (over ten years) how do you justify keeping them and touting “fiscal responsibility” at the same time?
If anyone can answer these questions I would greatly appreciate it because I have yet to find a calculator that makes the numbers jive. How about yours?
Report Post »