Wow - This surprises me

iVillage Member
Registered: 04-09-2007
Wow - This surprises me
46
Mon, 09-13-2010 - 4:08pm

http://news.yahoo.com/s/ap/20100913/ap_on_bi_ge/us_tax_cuts



"Senate Republicans will oppose any effort to renew soon-to-expire Bush administration tax cuts if upper income taxpayers are excluded from the reductions. A spokesman for Senate GOP Leader Mitch McConnell said Monday that every Senate Republican has pledged to oppose President Barack Obama's tax-cutting plan. Obama would renew the tax cuts for most people, but let the top income tax rate rise back to almost 40 percent on family or small business income over $250,000.



"McConnell has said a bill extending the tax cuts for only low- and middle-income earners cannot pass the Senate. Forty-one senators can block a bill with a filibuster, but McConnell spokesman Don Stewart declined to say whether all 41 Republicans would support a filibuster.



"At issue is a year-end deadline to renew a variety of tax cuts enacted in 2001 — when the federal government was running a surplus.



"On Sunday, House GOP Leader John Boehner said he would support renewing tax cuts for the middle class but not the wealthy if that was his only choice."



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iVillage Member
Registered: 10-28-2009
Mon, 09-13-2010 - 4:12pm
Boehner is hoping to be the next Speaker of the House.
iVillage Member
Registered: 09-01-2010
Mon, 09-13-2010 - 4:20pm

I'm not surprised at all. On this board, I've seen the argument/justification of continued tax cuts for the rich. The Republicans have convinced a good number of people that the rich need tax cuts. All they have to do is get their pro-tax-cuts-for-the-rich voters to the polls.

I'm not a fan of those tax cuts, but then again, I've stated it, because I don't believe that the rich will let much of their tax benefit (non-having-to-pay) trickle down anyway. I have never believed in a trickle down theory.

Just today, I read this:

http://www.bloomberg.com/news/2010-09-13/rich-americans-save-money-from-tax-cuts-instead-of-spending-moody-s-says.html

which supports what I've already known.

I think that the Republicans will hold firm on the sunsetting. I say we should let them and let all the tax rates sunset. Then, when they want to give more tax cuts, ask them what spending they'd like to offset. It would be an illustration that our citizens need to see. Imagine explaining that (for example) food stamps must be cut so that a millionaire can get a tax cut.

~Opal~
~Opal~    
iVillage Member
Registered: 03-30-2007
Mon, 09-13-2010 - 4:32pm

I heard that Voinavich (R. Oh) is planning on voting for this bill. He is retiring this year. He knows how bad Ohio has been hit.

Also heard today that there will be a bus. The Pelosi Express. That will be making stops in every state. A bus load of people that are trying to get her out of office. They want her out. What I don't get is why all the states? We don't vote for her.

I know, I know. Trying to stir up the pot.

iVillage Member
Registered: 09-01-2010
Mon, 09-13-2010 - 4:54pm
Voinovich has nothing to lose, because he is not running for reelection. Maybe he just wants to do a good thing before he leaves the Senate. I heard about the anti-Pelosi express - it might be smart politics.
~Opal~
~Opal~    
Avatar for jbgattuso
iVillage Member
Registered: 04-29-2003
Mon, 09-13-2010 - 4:59pm

Doesn't surprise me at all!

iVillage Member
Registered: 04-09-2007
Mon, 09-13-2010 - 5:00pm

I guess it could work.

iVillage Member
Registered: 07-15-2010
Mon, 09-13-2010 - 5:05pm

What are you surprised about?

That the senate republicans are sticking to their beliefs?

>>Luck is what you call it when preparation meets opportunity<<

>>Luck is what you call it when preparation meets opportunity<<
iVillage Member
Registered: 10-28-2009
Mon, 09-13-2010 - 5:05pm

<>

Jacie...sold a bill of goods...LOL! Alrighty then.

iVillage Member
Registered: 04-09-2007
Mon, 09-13-2010 - 5:07pm

You may like Boehner, I've seen a difference.

iVillage Member
Registered: 04-09-2007
Mon, 09-13-2010 - 5:11pm

I think, given these are the same people who didn't vote for the Franken amendment based on a political calculation (Defense contractors contribute more to campaigns than rape victims), yes, this hardline stand that apparently includes the entire Senate surprises me.



I think it's a gamble to assume that the majority of voters would reward them for protecting tax cuts for 2-5% of the population at the expense of 95% of the rest of the country based on a "belief", especially in these hard economic times.

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