« | »

Dems Tie Tax Extension To Unemployment

From a grudgingly approving Reuters

Top Democrat signals deal on Bush-era tax cuts

By Richard Cowan and Kim Dixon Wed Nov 16, 2010

WASHINGTON (Reuters) – The top Democrat in the Senate said on Tuesday he was willing to consider a temporary tax cut extension for all income levels, a step that could pave the way for a possible deal with Republicans on Bush-era tax cuts…

Reid and his fellow Democrats will hold a second day of closed meetings on Wednesday to talk about upcoming legislation. While agreeing to look at extending all current tax cuts, Reid said he personally opposed the idea.

"For people to say that these upper-income tax cuts affect most small business is simply not true. My main concern is to prevent a tax hike on the middle class," he said

Thereby once again proving himself to be a serial liar. For Mr. Reid is lying when he says that tax hikes won’t hurt small business. He is also putting the lie to his previous claims that the Bush tax cuts only helped the rich.

President Barack Obama will meet Republican and Democratic leaders on November 30, the White House said. He had asked to meet them on Thursday to discuss the tax cuts, but the meeting was shifted at the request of Republican leaders who said there was a scheduling clash.

Which, no matter how you slice it, is a nice way to remind Mr. Obama – ‘we won!’

Legislation is not expected to come up for a vote until after next week’s Thanksgiving break at the earliest.

Which means Congress is giving itself only a few days to discuss this vitally importantly legislation. Since they will be off for their Christmas Winter Festival holiday before we know it.

A deal on a temporary extension of the Bush-era tax rates could also be linked to renewal of unemployment benefits for 2 million Americans about to lose them, a senior Republican in the House of Representatives said.

Gee, we didn’t we this coming.

Representative Pete Sessions, a Republican in leadership, said he could back extending jobless benefits, favored by Democrats like House Speaker Nancy Pelosi, in exchange for an extension of all Bush-era tax cuts, including for the wealthiest groups.

"What we’re going to do is sit down and talk with Mrs. Pelosi," Sessions told Reuters as he left a meeting of House Republicans. "I see nothing wrong with her winning as long as the American people do." …

Sorry, but Mr. Sessions should know by now that Ms. Pelosi winning and the American people winning are mutually exclusive.

The benefits have been renewed several times as the country struggles with near 10 percent unemployment, but Republicans have sought to limit them.

What a perfect example of what passes as journalism from Reuters. First, unemployment benefits have been extended four times this year alone. They are far and away longer now, at 99 weeks, than they have ever been in our nation’s history. (The previous record having been 65 weeks under Mr. Carter.)

Secondly, the Republicans did not seek "to limit" the extension. The Republicans crazily thought they should try to find a way in the budget to pay for these benefits. Especially, since that is the rule in Congress, which the Democrats themselves implemented, known as PAYGO.

A top Democrat also suggested a deal on taxes and unemployment benefits could be linked.

"It really strikes me as hard to explain why we would give charity to the richest people in America with additional tax cuts of $100,000 a year and deny the basic necessities of life to people who are out of work through no fault of their own," said Richard Durbin, the No. 2 Democrat in the Senate

It really is telling and absolutely appalling that the Number 2 Democrat in the Senate would claim that not raising taxes on the people who drive this economy is "charity."

Of course this is the same man who once compared our own troops (a pdf file) to "Nazis, Soviets in their gulags, or some mad regime [like] – Pol Pot." So we know nothing is beyond him.

Liberal Democratic Representative Jan Schakowsky said a temporary extension of all rates was looking like a possible outcome.

"It may be" the deal that can pass, she said, after a meeting of House Democrats. "I’d pass the middle class and not the upper income. I hope if we do extend (the upper income rates), it’s for not more than a year."

Think of the logic here. Even the Democrats are hereby admitting that raising taxes on ‘the rich’ is bad for the economy. And yet they still can’t wait to do it.

Which just goes to prove that they really don’t give a tinker’s damn about the economy. They only care about stealing from the producers so as to give to the takers. Who, after all, are the people who keep them in office.

This article was posted by Steve on Wednesday, November 17th, 2010. Comments are currently closed.

5 Responses to “Dems Tie Tax Extension To Unemployment”

  1. bill says:

    How many unemployment extensions will it take before the USA declares bankruptcy?

    That is the plan, bankrupt America so we can never again be a world leader, right.

  2. Rusty Shackleford says:

    And so it begins….

    Testing the waters with meetings and such. I do like the touch of rescheduling it. Personally, I would much prefer that the republicans have meetings and close the doors on all democrats. But that will have to wait until January. Then, the real work will begin.

  3. oldpuppydixie says:

    In the first place there are NO “tax cuts” being discussed at all!! It would simply be an extension of current tax rates!!! Why republicans allow this fraudulent terminology to be used without at least correcting the media when on TV themselves is beyond me. Oh wait…that’s right…the vast majority of republicans are limp-wristed, spineless, slack-jawed RINOs who are far more interested in maintaining their own personal power base and NOT annoying the NY Times than in making certain the TRUTH is actually broadcast.

  4. NoNeoCommies says:

    Being unemployed is a hidden tax and also a continued reduction of tax revenue for the government.
    Have any of these useful idiots calculated the change in tax revenue they would experience if small business started hiring more people because they finally know a) what their taxes will be and b) know they will not spike?

  5. proreason says:

    Tieing unemployment benefits to laying off government workers is a better idea.

« Front Page | To Top
« | »