As the debate over the possible lapse or extension of the Bush tax cuts heats up in anticipation of Congress’ post-election return next week, you might have
As the debate over the possible lapse or extension of the Bush tax cuts heats up in anticipation of Congress’ post-election return next week, you might have noticed that the goal posts of a possible compromise between Democrats and Republicans keep getting pushed back. A long time ago, many Democrats wanted to let all the Bush-era tax cuts lapse — they’d fought against the regressive cuts in 2001 and they’d be excited to see them go. More recently the consensus, put forth by the Obama White House, was to extend the cuts permanently for households making less than $250,000, while letting them lapse for those making more than that. Still more recently, the White House allowed that the continued economic downturn might justify extending the cuts for all income earners for two years, while making the cuts for most Americans permanent. What have Republicans offered during the same time frame? Nothing.
One good reason for this power imbalance, explains Adam Serwer, is that Republicans feel they’ll win whether or not negotiations break down:
Republicans, meanwhile, have been less accommodating, with some suggesting that they could simply hold off until January, when they will control the House and hold a stronger hand in the Senate. That would set the stage for a more powerful push to permanently extend all the cuts — the preferred GOP alternative.
“They might blame GOP obstructionism. But, you know, people are going to start missing a lot of money in their weekly paychecks in January. And there’s only going to be one person in the White House,” said a Republican House aide, speaking on condition of anonymity to describe party thinking.
In other words, if talks break down and taxes shoot up for everyone, Republicans are banking on Americans blaming the president. If, on the other hand, Republicans get their way and make the cuts permanent for all income earners — racking up nearly an additional trillion dollars of federal debt over the next decade in the process — they’ll be nothing short of ecstatic about that, too.
Rep. Paul Ryan to deliver SOTU response
Chairman of the House Budget Committee Rep. Paul Ryan (R-Wis.) will deliver the Republican response to the State of the Union Tuesday, according to Mike Allen
Rep. Paulsen allies with medical device industry to relax FDA oversight
Source: Flickr; Republicanconference (www.flickr.com/photos/republicanconference) On the heels of the Minnesota Independent story last week about U.S. Rep. Erik Paulsen’s cozy financial relationship with the medical device industry, the New York Times reported Tuesday that some health professionals are alarmed by Paulsen’s push to relax Food and Drug Administration (FDA) oversight
Rep. Paulsen touts balanced budget constitutional amendment
In a post for the conservative blog True North , U.S. Rep
Rep. Patrick McHenry: Please, Conservatives, Fill Out Your Census Forms!
The conservative congressman from North Carolina, a constant critic of the census -- one of the people who sounded the alarm about politicization when the
Rep. Paulsen, Karl Rove the latest to get ‘glittered’
Rep. Erik Paulsen and former Bush staffer Karl Rove were both showered with glitter at the Midwest Leadership Conference Friday
Rep. Perlmutter to hold constituent meet-up in grocery store
Colorado Congressman Ed Perlmutter will hold a Government in the Grocery constituent meet-up this evening from 5-7 at the Safeway at 38th and Wadsworth in Wheat Ridge. The address is 3900 Wadsworth. The meeting, where Perlmutter typically sits at a folding table and talks to whomever shows up, is free and open to the public
Rep. Perlmutter criticizes House measure that would eliminate 800K federal jobs
Congressman Ed Perlmutter today issued a scathing statement criticizing the House of Representatives for passing a spending bill that could put nearly a million federal employees out of work. The Colorado delegation voted strictly on party lines, with all four Republicans voting in favor of the bill and the three Democrats voting in opposition. Perlmutter’s statement: “My number one priority is to get people back to work because that’s the best thing we can do to pay our debt and move forward toward economic stability
Rep. Pete Stark Won’t Dignify Constituent by, er, Micturating Upon His Leg
In the tradition of Rep. Barney Frank (D-Mass.), California Democratic Rep. Pete Stark revealed at a recent town hall gathering that there are limits to what
Rep. Peace, ACLU seek investigation of soldier’s allegations of racial discrimination in Afghanistan
Both Rep. Steve Pearce (R-NM) and the American Civil Liberties Union agree: There needs to be an investigation into Spc.
School of Hock
A growing number of college grads are defaulting on their student loans as the economy worsens.