Scurrilous Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Jul-21-10 02:01 PM
Original message
Democrats to Propose Extending Bush's Middle-Class Tax Cuts
<snip>
"Senate Democrats will soon advance a plan to make permanent President George W. Bush's 2001 tax cuts for middle-class Americans earning less than $200,000, but let the tax breaks for the wealthiest Americans expire, two Senate party aides said Tuesday. They will also propose to reinstate a 45% estate tax on individuals for the next two years.
The emerging tax plan is designed, as much as anything else, to clarify the differences between the two parties as they hurtle toward the fall elections. Following on their success with the financial-regulatory-reform bill, Democrats are betting that Republicans will once again take up a legislative battle on behalf of the wealthy. "Republicans are going to have a real choice ahead of them," says a Democratic aide. "Are you for extending these tax cuts for middle-class families or are you against them because you want to protect tax cuts for the wealthiest 1% of Americans?"
The showdown could come as early as August, now that Senate majority leader Harry Reid has decided to keep his colleagues in Washington through the middle of next month."
Read more: http://www.time.com/time/politics/article/0,8599,200538...
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8787891Now wait just a minute. For years I have heard that Bush only cut taxes for rich people so how is it the dems want to preserve the tax cuts for the not rich?
Lone_Star_Dem DU Moderator Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Jul-21-10 02:05 PM
Response to Original message
1. Good. Bring it up before the elections and let the Republicans squirm Updated at 1:38 PM
Big money, big corporations. That's all they care about.
No republicans just realize that big money and big corporations make the economy run. I bet the small percentage of primitives with a job work for a corporation.
Hell Hath No Fury Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Jul-21-10 02:17 PM
Response to Original message
3. I can ge behind this.
I hope they stick with this and make it happen.
Yeah tax the other guy but, leave me alone.
Oregone (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Jul-21-10 02:18 PM
Response to Original message
4. Instead of tax cutting to achieve fairness, how about tax raising?
Edited on Wed Jul-21-10 02:19 PM by Oregone
Why not raise it on the top, instead of cutting it from the middle?
Cutting taxes isn't extremely stimulative. The extra revenue one would gain from a hike could be used in very efficient stimulatory ways directly by the government
And hell, its not like the government couldn't use extra revenue (rather than less). Is America just going to keep cutting forever to appeal to certain swing Demographics, or ever get sane about their budget?
Oh yeah raising taxes will be very stimulative. Instead of rich people buying stuff the govt just gets the money so they can keep sending you goons money.
mitchtv Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Jul-21-10 02:21 PM
Response to Reply #4
6. Good idea
I say no cuts for anyone until we are on an even keel
You could donate more of your money to the feds.
safeinOhio Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Jul-21-10 03:12 PM
Response to Original message
9. The Republican talking point is that
basic economics says you do not raise taxes in a recession. Then they disagree with the basic economics that you do not cut public spending in a recession. Why doesn't the press ever question their logic of pushing opposites?
how is that opposite? You don't raise taxes and you cut spending. Sounds reasonable to me. It's like if you ditch cable to save money every month it will be like you getting a raise at your job without actually getting a raise.
