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Hill & Dems Crow: GOP Retreats On Tax Cut!

From two crowing reporters at The Hill:

Republicans retreat on tax cut

By Bernie Becker and Russell Berman

House Republican leaders on Monday backed down on their demand to offset the costs of extending the payroll tax cut for the remainder of 2012.

The Republicans cannot win with the news media. They are blasted for refusing to compromise. And when they compromise, they are blasted for retreating.

Meanwhile, we thought it was a requirement under the Democrat imposed PAYGO rules that things be paid for by revenue or spending cuts from elsewhere in the budget. But The Hill says is just some crazy "demand" from obviously hot-headed Republicans.

And never mind that this payroll cut reduces by one third the amount or money coming from employees to fund their own Social Security, which is the only source of Social Security funding. Indeed, the payroll tax cut cost the Social Security trust fund $105 billion dollars last year.

But what the hell, it’s not like Social Security is in trouble or anything. As we have seen over the last couple of years, this payroll tax cut just makes employers hire people like crazy.

So why worry about paying for it?

The election-year move marked a major concession for Speaker John Boehner (R-Ohio) and his lieutenants, who are seeking to avoid a rerun of the resounding political defeat they suffered in December on the same issue.

We must have missed that "resounding political defeat." But then again, we don’t live inside the beltway.

In their joint statement Monday, Boehner, Majority Leader Eric Cantor (R-Va.) and Majority Whip Kevin McCarthy (R-Calif.) announced that Republicans would unveil a bill simply extending the payroll tax cut through December…

By saying they are prepared to pass a straightforward extension of the payroll tax cut, Republicans provided the clearest evidence yet that they were leery of allowing President Obama to attack them for causing a tax hike in an election year

Of course, Mr. Obama would not be able to get away with such demagoguery if the country had an honest news media. But it doesn’t. We have a one party news media.

The No. 3 House Democrat, Rep. James Clyburn (S.C.), called the GOP backup plan a “cave” in a Twitter message, while other party leaders kept their cards close to the vest

The Republicans should never compromise with these people. Never.

They get nothing out of it as a party. And it always hurts the country.

Senate Majority Leader Harry Reid (D-Nev.) did not release a statement in the hours following the GOP announcement, while House Minority Leader Nancy Pelosi (D-Calif.) said that the payroll tax cut should not be paid for

In fact, Ms. Pelosi doesn’t think anything should be paid for. She is a dangerous buffoon. And a liar.

At her final press conference as House Speaker, Nancy Pelosi said, "Deficit reduction has been a high priority for us. It is our mantra, pay-as-you-go."

In fact, when Pelosi and the Democrats took control of Congress on January 4, 2007, the national debt stood at $8.6 trillion dollars. On the last day of the 111th Congress and Pelosi’s Speakership on December 22, 2010, the national debt was $13.9 trillion. Which represents a $5.3 trillion increase in just four years.

Additionally, the yearly debt more than quadrupled during Pelosi’s four years as speaker, from $342 billion in fiscal year 2007 to $1.6 trillion at the end of fiscal year 2010.

This article was posted by Steve on Tuesday, February 14th, 2012. Comments are currently closed.

5 Responses to “Hill & Dems Crow: GOP Retreats On Tax Cut!”

  1. GetBackJack says:

    It’s an enduring mystery why Nancy Pelosi hasn’t burst into flames while spewing such gargantuan lies as these.

  2. mr_bill says:

    There may be some strategy here: Now that there isn’t anything to prevent the passage of the extension of the payroll tax cut withholding reduction, nerobama and his gang can’t call the GOP obstructionists. They have also de-coupled the payroll tax withholding reduction from the unemployment benefit extension debate and therefore kill another unnecessary extension of unemployment.

    Is it going to accelerate the inevitable insolvency of Social Security? Yes. Is that necessarily a bad thing? Not in my opinion. SS will fail if we continue without significant changes and the prospects of those changes are slim and none. Slim has already left town. When the whole thing falls apart, we can consider some rational alternatives which can be framed in such a way as to prevent government access to the funds. It’s failure just may make some people consider that government can’t take care of them for their entire lives as well. A whole bunch of people are going to get screwed out of a ton of money they paid into the fund (including me) but some people don’t seem to listen until things hit their pocketbook. People trusting government less is a good thing, in my opinion, and it would vindicate all the things that conservatives have been saying about SS for years.

    • captstubby says:

      another unnecessary extension of unemployment.

      i agree with your SS sentiments.
      i have over 40 years in the work force.
      a Conservative in a blue collar world is not pretty.
      i am a few years shy of my pension and SS.

      i was going door to door , campaigning for conservatism candidates before many of you were born.

      i hate compromise,

      but life has a way of attitude adjustment.

      the last three years has knee capped me

      i am one of the unnecessary unemployed.

      i have never asked for a dole, but here i am, so close to the finish line of retirement, to fall so close to it.

      i was young, invincible, know all once too.

      but to throw me to the wolfs for ideology ,

      i think many have lost their way,

      gained much from this most excellent forum.

      i would like to think that we are capable of drawing our own conclusions,

      and when we enter the voting both,

      it will you, and not RUSH,ROVE, ANN, FOX,.

  3. JohnMG says:

    …..”Ms. Pelosi doesn’t think anything should be paid for………”

    Of course not. If it’s ‘free’ how can it cost anything?

  4. canary says:

    I can’t believe Obama titled “Debt on Arrival” on the just released debt report. Such children occupying their time.

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