The Bush tax cuts sat towards the top of the agenda as Congress came back from a five-week trip Monday. Lawmakers will, in about four weeks, be working on campaigning for mid-term elections which is why nobody thinks Congress is going to do anything. Democrats propose repealing the Bush tax cuts for all however those making $250,000 a year or more. Republicans have said they will not vote for anything however making the Tax cuts by Bush permanent for everybody. A typical Congressional stalemate is what looks to be occurring. There was some controversy as House Minority Leader John Boehner said he’d certainly vote to cut regulations and tax breaks on the rich if that was the only way he’d be able to get his own taxes cut.
Boehner’s Bush tax cuts explanation
Bush tax cuts started in 2001 and 2003 to be applied to all taxpayers and are to expire this year. The Obama administration wants to extend the Bush tax cuts to every person but America’s richest individuals. The economy is so weak that it can’t afford a tax increase. Of course, CNN reports, Republicans and a couple of Democrats oppose the idea. Republicans have threatened a filibuster unless the tax cuts are extended to all–which would basically allow them to expire for all. Republicans are getting accused of all sorts of things by the Democrats. One of these things is making middle class regulations and tax breaks available mostly to help the rich get some more tax breaks. Everybody was interested to hear that Boehner was thinking about compromising on the Bush tax cuts.
Some Republicans and Democrats getting along
Every person was surprised that Boehner dropped the bomb as he did. This is because so numerous Democrats fearful of the mid-term elections were already thinking about switching their vote for making Bush tax cuts last when the economy gets better. A temporary extension of tax cuts for the rich have been suggested by at least 6 Democratic senators and Senate candidates, says the Washington Post. The House positions are getting filled. They are being filled more and more by incumbents. You will find so many different places with different costs of living that another suggestion has been raised. This suggests that the $250,000 tax break threshold be $1 million per household.
Boehner maneuvers for power, not the middle class
When Boehner made his comment on the Bush tax cuts issue, Democrats seemed to boast. As outlined by the Christian Science Monitor, Boehner might just be trying to get Speaker of the House if Republicans start to control the government after mid-term elections. According to the Monitor , the speaker can be able to help get bills passed, unlike the opposition leader. Boehner might be trying to make a tax cut deal that he could take credit for by suggesting an agreement. Republicans might show how much better they think they are than Democrats at getting results by simply passing a tax bill before mid-term elections come. The Monitor didn’t say whether or not Boehner cares about the middle class.
CNN
cnn.com/2010/POLITICS/09/12/tax.cuts/index.html?npt=NP1
Washington Post
washingtonpost.com/wp-dyn/content/article/2010/09/12/AR2010091204308_2.html?wpisrc=nl_headline and sid=ST2010091204277
Christian Science Monitor
csmonitor.com/USA/Politics/The-Vote/2010/0913/Why-did-John-Boehner-change-his-mind-now-on-Bush-tax-cuts
No comments:
Post a Comment