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Democrats Put Off Tax Cut Extension Vote

Just as we foretold. From the Wall Street Journal:

Congress Punts on Taxes

Democrats Put Off Showdown on Bush Cuts Until After November Election

By MARTIN VAUGHAN And JOHN D. MCKINNON
SEPTEMBER 24, 2010

WASHINGTON—Democrats abandoned plans to vote before Election Day on extending Bush-era tax cuts for the middle class while eliminating them for better-off Americans, spooked by protests from vulnerable incumbents and bleak prospects for passage.

What a shock, huh? After these same Democrats have showed such tremendous courage on presenting a budget.

Of course, as we noted yesterday, this is the same Senate that found the time to vote on ‘Don’t Ask, Don’t Tell,’ and the ‘Dream Act.’

With time running out to plan for 2011, the delay raises uncertainty for small businesses and individual taxpayers over their future liabilities. It also sets up a titanic battle over taxes after the election.

If returning lawmakers don’t pass legislation by Dec. 31, the expiration date of the cuts, tax rates would rise not only on income, but also on estates, capital gains and dividends. Important corporate tax credits and relief from the Alternative Minimum Tax also are up for renewal

For now, taxpayers confront a number of worrisome scenarios, including the possibility Congress might deadlock on the issue in the post-election "lame duck" session, resulting in across-the-board tax increases.

Don’t worry. This is exactly what will happen. And this is exactly what Mr. Obama and the Democrats want to happen.

This way they can escape responsibility for raising taxes on the middle class, after all of their promises not to. They will say the Republicans made things turn out this way.

With taxes a hot-button issue on the campaign trail, lawmakers threw in the towel Thursday until after the elections. Sen. Richard Durbin, the No. 2 Senate Democrat, said, "The reality is, we are not going to pass what needs to be passed to change this, either in the Senate or in the House, before the election." … 

At this point, neither the House nor the Senate is expected to stay in session past next week.

Yes, having just come back from their five week vacation, Congress is going to knock off a couple weeks earlier that usual. They are exhausted.

Senate Majority Leader Harry Reid of Nevada sought to blame Republicans in a statement Thursday evening that conceded there would be no vote before November. "Democrats believe we must permanently extend tax cuts for the middle class before they expire at the end of the year, and we will," said Jim Manley, a spokesman for Mr. Reid. "Unfortunately, to this point, we have received no cooperation from Republicans to do so… We will come back in November and stay in session as long as it takes to get this done." …

Unfortunately, Mr. Reid is a well known liar.

Whatever lawmakers decide to do, "they should do it quickly," Mark Zandi, chief economist of Moody’s Analytics, wrote last week. "The uncertainty of not knowing what tax rates will be just a few months from now is adding to the collective nervousness."

There shouldn’t be any “uncertainty” on this issue. Mr. Obama and the Democrats will insist that taxes to go up on everybody. And the ‘Deficit Commission,’ which is also scheduled to report after the elections, is going to recommend even more innovative ways to accomplish that.

Only a Republican landslide in November will slow them down. But even that won’t stop them completely. The Democrats are addicted to our money, and they will do whatever it takes to steal more of it.

Have you ever tried to reason with a junkie?

This article was posted by Steve on Friday, September 24th, 2010. Comments are currently closed.

7 Responses to “Democrats Put Off Tax Cut Extension Vote”

  1. canary says:

    The democrats should be questioned endlessly on their position during campaigns, not that they will keep promises.

    Obama’s latest bizarre act is callling on churches to help attendees with answers about health care. I guess like the issues that were to already be in effect, but aren’t.

  2. finebammer59 says:

    Let’s see, aren’t these the same Democrats who made a political football of the Iraq war to regain power in Washington???

    If they’ll sacrifice the safety of our service men and women for political gain, they won’t think twice about our economic future.

  3. untrainable says:

    I’m getting tired of hearing that the republican’s won’t cooperate with democrats. It’s getting old. Democrats have had a majority in the house and senate since 2006 and the white house since 2009. So with a majority in both houses and the white house if they can’t get something passed, how exactly is that republican’s fault.

    Same old same. I’t not our fault… it’s those evil republicans. When are they going to come up with at least a plausible reason for their own failures? How many people actually believe that all of this is republican’s fault because they just won’t cooperate? How about getting democrats to cooperate with republicans? Why is the pressure always on republicans to “cooperate” (go against their principles). Oh, that’s right, Democrats HAVE no principles.

    • Rusty Shackleford says:

      That’s just the saw the socialists like to play and the media gladly parrots it. Fact is, the republicans have been offering up alternatives but are shot down because they 1) are based on good sense and logic, 2) do not involve some form of financial redistribution and 3)because they are republican ideas.

      The mask is off; The whole scam is revealed. As was said early in this regime’s grab of power that they will consistently overreach, exposing themselves for the thugs, criminals and miscreants that they are, thus really putting off the people the way a child molester who has no shame in court does likewise.

      Therefore, they will be politically remanded to the gutter.

  4. tranquil.night says:

    Desperate and dangerous. I didn’t even realize but yesterday apparently Reid also tried to push through a vote on the stagnant DISCLOSE act, another corruptocrat attempt at reimposing an incarnation of McCain-Feingold rules and shutting down business’ right to free speech while unions continue their preferential treatment:

    “…the loophole-ridden package exempts large nonprofits with 500,000 or more members. Behemoth labor unions get preferential treatment. Bradley Smith, former Federal Elections Commission chairman, noted that the law places radical speech-squelching restrictions on companies’ ability to run independent political ads: “(I)f you’re a company with a government contract of over $10 million (like more than half of the top 50 U.S. companies) or if you’re a company with more than 20 percent foreign shareholders, you can’t even mention a candidate in an ad for up to a full year before the election. … There are no similar prohibitions for unions representing government contractors or unions with foreign membership.” http://michellemalkin.com/2010/09/23/the-orwellian-disclose-act-vote/

    The women from Maine were reined in and Reid was defeated again, but wow. Unlike the DREAM act this wasn’t really reported on. I guess the Democrat Media Complex wanted Congress to try and ram down political advertising regulation without anybody knowing it.

    It’s almost as if they know that the people know that they’re out to silence the Tea Party and rig the election or something. Little hint: Alinsky rules don’t apply to a worthy opponent. You Ruling Class criminals are gonna have to fight us in the arena of ideas, and you will lose. That’s why you’re desperate and dangerous to change the game.

  5. proreason says:

    If the Bush tax cuts expire…..they ain’t seen nothin yet.

    The sea of bodies won’t just cover the mall. They will cover miles around the mall.

    The peaceful phase of the resistance will end.

  6. untrainable says:

    Proreason,
    That’s why during this recession (that’s been over since last June) every time a tax holiday for “the working folk” is mentioned as a “stimulus” measure, you see Dems AND Repubs running for cover. If, for even one paycheck, Americans got to keep all the money they make… When the taxes kicked back in the greatest demand in the retail world would be for new freshly sharpened pitchforks, tar covered torches, and six-packs of zippo lighters (extra flints included). If we ever experienced a tax free work week and realized how much of our money is really going to pay for crack heads to learn subterranean balloon navigation in their spare time, someone might actually be held to account. Preferably involving the end of one or more of the afore-mentioned farm implements.


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