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Cole: Cave On Extending Middle Class Tax Rates

From the Politico:

Tom Cole: Join with President Obama on quick deal

By JONATHAN ALLEN | November 27, 2012

Republican Rep. Tom Cole urged colleagues in a private session Tuesday to vote to extend the Bush tax rates for all but the highest earners before the end of the year — and to battle over the rest later…

Funny how Republican "private sessions" always become public.

Anyway, this is the mistake the GOP always makes. They always give the Democrats what the want right away, in the hopes that they will get what they want down the road. It never works out that way.

The Oklahoma Republican said in an interview with POLITICO that he believes such a vote would not violate Grover Norquist’s anti-tax pledge and that he’s not alone within Republican circles.

As if that is the most important thing here.

At a meeting of the House GOP whip team earlier in the day, he made the case that Republicans would strengthen their position by joining hands with President Barack Obama now to give most taxpayers what he calls “an early Christmas present” of ensuring their taxes don’t go up on Jan. 1.

Can he really be that dumb? How will it strengthen the Republicans’ position to make them argue for a tax cut for the so-called wealthy down the road?

Cole’s position is striking because he’s hardly a “squish” — Norquist’s term for a weak-kneed lawmaker — when it comes to Republican orthodoxy. Cole served as chairman of the National Republican Congressional Committee and in other official posts within the party.

He might also provide cover for other Republicans looking to make an agreement to avoid a sharp fall off the so-called fiscal cliff.

“I think we ought to take the 98 percent deal right now,” he said of freezing income tax rates for all but the top 2 percent of earners. “It doesn’t mean I agree with raising the top 2. I don’t.”

Right. But he’ll end up voting for it eventually.

Instead, he told POLITICO, Republicans should fight the president over tax rates for the top earners after everyone else is taken care of. That would rob the president of the argument that Republicans are holding up tax cuts for all but the top earners, Cole said.

“Some people think that’s our leverage in the debate. It’s the Democrats’ leverage in the debate,” he said…

If he thinks the Democrats have leverage now, just wait until the Republicans try to argue for extending the tax cut for the so-called wealthy, when everyone else has already gotten theirs.

He was also adamant that his tack would not run afoul of the Norquist pledge, which binds signers not to join any effort to raise income tax rates, among other things. Rather than raising taxes, he said, Republicans would be voting to lower them for most folks and do nothing — which would result in an increase — for the rest.

“I don’t see that as a violation of my pledge,” he said.

Who cares about the "Norquist pledge"? If taxes are raised on small business the country will go into another recession. That’s what we need to worry about.

This article was posted by Steve on Wednesday, November 28th, 2012. Comments are currently closed.

5 Responses to “Cole: Cave On Extending Middle Class Tax Rates”

  1. Rusty Shackleford says:

    Career politicians do not understand money. Where it comes from, how wealth is created. They lost sight of that most certainly when they sit in DC and bandy about terms like “revenues” which is a euphemism for tax or other charge to the earning public. Like Rush has said so many times, government doesn’t produce anything of value. There is no market there, there is no productivity there, they simply use your money and mine to spend on things that (they think) will get them re-elected.

    At the end of the day, they are like deer. They trample your vegetable garden and take the best fruit for themselves and ruin the rest. You can’t shoot ’em and they are hard to get rid of. Their hunger is continuous and they will breech almost any barrier to get to the food. They are also like raccoons, rats, other vermin that simply consume and provide no return while making a mess of everything they touch.

  2. GetBackJack says:

    And another one self identifies …

    … must have advance knowledge of who the New Masters are going to be and is getting in early on the chow line …

    • River0 says:

      Ann Coulter has it right in her column this week: “Republicans have got to make Obama own the economy.

      “They should spend from now until the end of the congressional calendar reading aloud from Thomas Sowell, Richard Epstein, John Lott and Milton Friedman and explaining why Obama’s high tax, massive regulation agenda spells doom for the nation.

      “Then some Republicans can say: We think this is a bad idea, but Obama won the election and the media are poised to blame us for whatever happens next, so let’s give his plan a whirl and see how the country likes it.

      “Republicans need to get absolute, 100 percent intellectual clarity on who bears responsibility for the next big recession. It is more important to win back the Senate in two years than it is to save the Democrats from their own idiotic tax plan. Unless Republicans give them an out, Democrats won’t be able to hide from what they’ve done. Even Democrats might back away from that deal.” (See more at AnnCoulter.com).

      Voters have to be made to understand the horrible blunder they’ve made. The non-Fox media will hang all failures on the GOP, unless we’re very careful.

  3. canary says:

    I meant to show footage yesterday of Obama & Boehner smiling, poking, and hugging each other after some agreement , but found nude activists arrested in Boehner’s office the 27th.

    US News: Nude AIDS Activists Arrested in Boehner’s Office [PHOTOS]

    November 27, 2012

    I guess it was the roots of AIDs history lesson.

  4. Reality Bytes says:

    Welcome to Washington VC (Vampire Central)

    They are sucking the life blood out of America and the biggest sin is AMERICANS ARE LETTING THEM GET AWAY WITH IT!

    Yes! Yelling Again!

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