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Sunday, November 07, 2010

GOP: No Compromise on Tax Cuts

Dear president Obama and Democrats in general. This is how you take a stand:

GOP: There'll be no compromise on tax cuts, McClatchy: Republican leaders in both the House and the Senate said Sunday there would be no compromise with Democrats on whether to extend Bush-era tax cuts for the nation's wealthiest taxpayers.
President Barack Obama has said he wants to extend the tax cuts for taxpayers with a combined annual income of less than $250,000, but that the cuts should be eliminated for people making more than that. He's suggested there might be room for compromise in discussions with Republicans on other tax issues.
But both Rep. Eric Cantor, R-Va., who's expected to become the majority leader in the House when the new Congress is sworn in next year, and Senate Minority Leader Mitch McConnell said on Sunday news programs that they'd insist on an extension of the tax cuts for wealthy. ...
Cantor said Republicans plan to make spending cuts a priority when they take control of the House in January. "We're going to embark on a regular diet of spending cut bills being brought to the floor weekly," he said. ...

Shall we start a pool on how long it will be before Democrats cave under the organized pressure from the GOP and its supporters in the media and give in to both tax cuts for the wealthy and the budget cuts needed to pay for them?

    Posted by on Sunday, November 7, 2010 at 03:43 PM in Budget Deficit, Economics, Politics, Taxes | Permalink  Comments (29)


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