Democrats Against Tax Increases

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Thursday, September 09, 2010 at 3:51 pm

At Talking Points Memo, Brian Beutler reports that Sen. Ben Nelson (D-Neb.) is not interested in raising taxes on households making more than $250,000 a year or individuals making more than $200,000, as the White House wants. Without Nelson, the most moderate Democrat, the White House proposal becomes untenable — it will not beat a Republican filibuster in the Senate — and a two-year extension of all the tax cuts seems the likeliest path.

“I support extending all of the expiring tax cuts until Nebraska’s and the nation’s economy is in better shape, and perhaps longer, because raising taxes in a weak economy could impair recovery,” Nelson said today.

Other moderate Democrats are coming out in opposition to the tax hikes, even on the wealthiest, in the House. For instance, Rep. Jim Himes (Conn.) supports an extension because $250,000 a year “does not make you really rich.” (Maybe not in Fairfield County, which Himes represents. It is one of America’s wealthiest counties, and has the highest concentration of hedge funds outside of Manhattan. If you wanted to, you could buy a house like this.) But, only about two percent of filers make that much nationally.

If Democrats attempt to raise taxes on high-income Americans, a bill could founder in the Senate — and if Congress comes to no agreement on the tax cuts, they expire. That means income taxes revert to 2000 levels for everyone, hiking taxes even on low earners.

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30 Comments

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Ccdemuth
Comment posted September 9, 2010 @ 9:20 pm

Across the country and in Fairfield County, most Americans opposed the healthcare bill. But Jim Himes didn’t hear us and voted yes.

The stimulus? Most of us didn’t want it. Himes didn’t listen. He voted yes.

Cap and trade? In Connecticut, most voters said no. In Washington, Jim Himes voted yes.

End the secret ballot in union elections? Again, his constituents said no. Jim Himes voted yes.

If Jim Himes does not listen to you, then you should know that you are not alone. By a wide margin, voters across the country and in Fairfield County oppose the Nancy Pelosi and Jim Himes’ position on the issues. If you want to send Jim Himes a message that he can hear, you can support his opponent, Dan Debicella, here: https://debicella.blue-swarm.com/donate.

Jim Himes can’t hear us. On November 2nd, let’s turn up the volume.


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vabelle
Comment posted September 10, 2010 @ 12:00 am

The only reason Repubs (and wanks like Nelson) want a 2-yr extension is that they're hoping for enough majority by then to make those tax cuts, which are adding millions to our deficit (supposedly ever so important), permanent.

Letting tax cuts expire is not the same as raising taxes; the expiration was built in — by Bush and his able cohorts — and we always knew it was coming. So let them all expire, as scheduled. And then. in a new bill, propose *new* tax cuts — but for the lower 95% of the population only. That would bypass the difficulties of raising taxes on the rich 5%. And it would leave Repubs with the ball in their court, defending their objections to those tax cuts.


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Pingback posted September 10, 2010 @ 2:57 am

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Andrew
Comment posted September 10, 2010 @ 2:06 am

Connecticut's Fourth — which Himes represents — has always had Representatives who buck their national party's trends and do what's in the interest of that district. It's a very diverse district economically. Bridgeport is among the poorest cities in the nation while many of the suburbs are among the wealthiest. Jim Himes is a moderate by nature and for CT's 4th, this is the centrist position, even if it wouldn't be perceived as such elsewhere.

Himes is taking a position he believes serves all of his constituents, and gives them the best shot at jobs recovery in the short term.


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Kevin
Comment posted September 10, 2010 @ 6:13 pm

Unfortunately the cost of living in Fairfield county is extremely high. 250,000 in Fairfield County doesn't go nearly as far as 250,000 for the rest of America.


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Pingback posted September 10, 2010 @ 8:45 pm

[...] year and individuals making more than $200,000 a year — about two percent of tax filers. But without centrists like Sen. Ben Nelson (D-Neb.) on board, a two-year extension of the tax cuts for all seems the most [...]


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Pingback posted September 12, 2010 @ 8:16 am

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Pingback posted September 14, 2010 @ 3:27 am

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Success5050
Comment posted December 6, 2010 @ 10:30 pm

Obama and the Dems should only agree to extend tax cuts for those earning over one million each year based on the following conditions: The tax cuts can be allowed as credits on their tax returns only if the millionaires agree to use these tax cut credits for starting or supporting new business ventures in America. These investments must be documented, and then the millionaires can share in the profits, as long as good American jobs are being created.


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