Thursday, December 13, 2012

GOP Fiscal Cliff "Offer": Make Tax Cuts For Top 2% Permanent

Apparently the Republicans can't come to terms with the fact that they decisively lost the election to a president who has made clear his opposition to extending the Bush tax cuts for the wealthiest. How else can one explain House Speaker John Boehner's "offer" in fiscal cliff negotiations to make the Bush tax cuts for the top two percent permanent? CNN's Dana Bash reported on the "tense" phone exchange Tuesday night between the President and the Speaker. Watch:

BASH: I talked to a Democratic source who said that a counter offer that House Republicans sent back to the White House late yesterday included a call for a permanent extension of the Bush-era tax cuts for the top 2 percent. Now you know that we’ve been talking constantly about the fact that the biggest divide between the two when it comes to taxes is that tax break for the wealthiest. And so this Democratic source, who I talked to familiar with the proposal, said this was a sign to the White House that the Republicans are either unwilling or not capable of offering something that can pass the House and the Senate and, more importantly, that the president can sign, because he has said he does not want to — he wants to raise tax rates for the wealthiest Americans.


Michael The Molar Maven said...

I know a few people who are not in the top 2% who would be willing to pay higher taxes, first, to maintain the services that government shoud be providing, and, second, for the general good. I include myself in that category. It seems that many, mostly republicans, have either forgotten or have not read the Preamble of our Constitution. Here's a reminder:

"We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America."

Jeff Tone said...

I would be willing too. If we had universal health care, we'd pay more in taxes but save more in terms of personal expenses in the long run. Same could be said about the financing of higher education.