"What we ought to be doing is extend the current tax rates for another year with a hard requirement to get through comprehensive tax reform one more time," said Senate Minority Leader Mitch McConnell, R-Ky., speaking on CNN's State of the Union.
President Obama and aides have shown little interest in a one-year extension, saying the Bush tax rates should be extended for middle-class Americans but ended this year for the wealthiest.
..."Do you think we are a Bush tax away for a millionaire away from a flourishing economy?" [Former White House press secretary Robert] Gibbs said. "Or should we protect and keep taxes low for middle-class families and give them a chance?"
2 comments:
McConnell insists that he wants to compromise on tax cuts.
Unfortunately, the Republican concept of compromise -- a key component of any meaningful negotiation -- is for the opposition to discard their own beliefs and completely embrace the conservative point of view.
In short, their notion of negotiation involves capitulation by the opposition.
Suggestions that tax cuts for the ultra-wealthy will stimulate job growth is simply their cover, their disingenuous talking point designed to try to sell their Reaganomic bill of goods to the public. Ultra-wealthy Americans made a major investment in the Republican Party during the 2010 mid-term elections. The GOP is simply carrying out the job for which they have been duly paid.
Labman57, you are precisely right on all counts: the Republican inability to compromise, the fraudulent rationale for tax cuts for the wealthy and the need to satisfy the constituency that supports their campaigns.
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