Senate Republicans and a handful of Democrats Saturday defeated a bill to reauthorize unemployment benefits for the long-term jobless and a plethora of tax provisions for the middle class not because of the bill’s trillion-dollar deficit impact, but because it did not include tax cuts for the rich.
“In economic times like these, 9.8 percent unemployment, you should not raise taxes on anyone,” Sen. John Barrasso (R-Wyo.) told HuffPost.
Two bills were defeated. By a vote of 53-36, seven short of the 60 needed to break a filibuster, the Senate rejected a measure by Sen. Max Baucus (D-Mont.) that would have preserved Bush era tax cuts for lower- and middle-income taxpayers, but would have allowed cuts for people earning more than $200,000 a year to expire. Democrats Joe Manchin (W.Va.), Ben Nelson (Neb.), Jim Webb (Va.), Russ Feingold (Wisc.) and Independent Democrat Joe Lieberman (Conn.) joined Republicans in voting nay. The Senate also rejected a bill by Sen. Chuck Schumer (D-N.Y.) that would have extended all the cuts, but not for anybody making more than $1 million.
The Baucus bill would have preserved Emergency Unemployment Compensation and Extended Benefits Programs created in 2008 as a customary response to rising unemployment. The programs provide up to 73 weeks of federally-funded benefits for when layoff victims exhaust the standard 26 weeks of state-funded aid. The programs lapsed last week, threatening a holiday cutoff for two million unemployed.
After Saturday’s vote, it seems the only way Democrats will be able to overcome Republican opposition to the benefits will be by attaching them to a reauthorization of tax cuts for the rich.
Sen. Bob Corker (R-Tenn.) said after the vote that he expected a tax cut deal to be reached by Thursday.
Sen. Schumer said at a press conference that some Democrats would be willing to drag the tax debate on into January. “There are lots of people in our caucus who do have that appetite, there are some who don’t. We’ll have to see what happens.”
Corker declined to say whether he thought unemployment would be included in the deal, as did Senate Minority Leader Mitch McConnell (R-Ky.).
Tag Archives: tax cut
This guy truly is disgusting. Laughing when asked if the GOP would be willing to compromise with a tax hike on those making over 1 million a year in order to extend unemployment benefits. Nope, not gonna do it. That’s not what the voters wanted. They voted for us because they wanted us to hear loud and clear they don’t want us to do anything that lessens their burdens. Nope they voted for us because they want us to know the top 2% in this country come first.
More likely the GOP knows now thanks to the disastrous Supreme Court ruling allowing corporations to fund political campaigns, that if they don’t serve ONLY the needs of the wealthy the wealthy will ‘Teabag’ them with whatever bum they can pay off to run against them and they’ll fund them in ways the GOP can’t compete with. So gotta keep that 2% happy so I can keep my place in Washington where all the perks are there for the taking and none of work is in the making.
Maybe someone should e-mail a link to this article to Mr. Pence. Looks like voters are already having a change of heart when they’re actually faced with facts.
That many Americans don’t pay attention when they decide how to vote is being borne out by the post Nov. 2 polling and interviews with voters.
For instance, a Bloomberg poll found that two-thirds of voters believe that their taxes had gone up under Obama and the Democrats, that the economy has shrunk and all that TARP money to bail out the banks is lost, never to be recovered. Further, most believe that the new health care law will increase the deficit and that illegal immigration is multiplying.
The truth, of course, is that 95 percent of Americans have had their taxes cut by about $400 a year under Obama’s stimulus program. The economy has been growing for five straight quarters and the banks have repaid most of the TARP funds they received. The government will actually wind up with a small profit. Even the beleaguered auto industry is paying its money back. The nonpartisan Congressional Budget Office says the health care law will actually lower the deficit within a few years and, if anyone bothered to check, the number of illegal immigrants this year is about a million fewer than in previous years.
A majority of senior citizens voted for Republicans even though it’s the party with the agenda to privatize Social Security and drastically alter Medicare.
What’s obvious is that the Republicans, led by talk radio bashers like Rush Limbaugh and “fair and balanced” Fox News, along with an expensive and relentless television ad campaign, did a fantastic job of convincing Americans that up was down and down was up. Meanwhile, the Democrats did a miserable job of telling the real story.
That master of propaganda, Nazi Joseph Goebbels, would have been proud. The GOP and its allies succeeded in creating a throw-the-bums-out angry electorate, most of which didn’t care to look deeper. As one wag put it, “We’re so angry that we’re going to throw the bums in.”
It will be interesting to see just how that works out.
The dilema of so many Americans doesn’t matter to the GOP. Not one bit and Mike is more than happy to tell you so. The jokes on you America.
GOP continues to expect average Americans to shoulder the tax burden of the Nation’s wealthiest citizens
As the Bush Tax Cuts for the top 4% of our population nears expiration the GOP is of course now blasting Obama and Democrats for their desire to let the cut run out.
Of course their reasoning is that during a time of economic crisis you never increase any taxes (except those of course of the other 96% of us) when there is a deficit. They hope most Americans have no clue just who it is that will endure a tax increase and unfortunately they are usually right. The average uninformed, uninvolved American probably has no idea just what the arguement is about. That’s how they always convince those most in need to rant, rave, protest and vote against their own best interest.
You don’t hear Sarah Palin, John Boehner, Newt Gingrich or any other member of the GOP telling the American public that we can’t allow the top 4% of wealthy Americans to suddenly be expected to pay their fair share of taxes again when this thing runs out. Of course not, then Americans would understand this isn’t about putting the tab on them, but rather lifting the tax burden they’ve carried for the wealthiest in our country for the last 8 years. Is it any wonder they fight Obama and Democrats so hard. Their buddies will take a hit as will they. Can’t have Limbaugh or Beck or Hannity pissed off that they now have to pay their fair share. Can’t have the big corporations pissed at us when we need their continued payoffs, parties and perks. The GOP and it’s repeated BS peddlers continue to talk in circles about the reality of these original tax cuts and just who ends up suffering in the end. It sure isn’t the top 4% that have enjoyed this cut for the last several years. The GOP is perfectly happy racking up the deficit if it means providing a nice tax break for themselves and their wealthy friends while telling you that making the wealthier pay taxes you are now covering for them is bad, bad, bad for deficit.
Yet even former Fed Chairman Alan Greenspan can be honest with the people even the GOP will probably turn on him now and go for the jugular since he’s not towing the party tugboat of more for us less for you equals good for America. He acknowledged this morning on NBC’s “Meet the Press,” that the push by congressional Republicans to extend the Bush tax cuts without offsetting the costs elsewhere could end up being “disastrous” for the economy.
In an interview on Greenspan expressed his disagreement with the conservative argument that tax cuts essentially pay for themselves by generating revenue and productivity among recipients.
“They do not,” said Greenspan. “I’m very much in favor of tax cuts but not with borrowed money and the problem that we have gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money,” he said. “And at the end of the day that proves disastrous. My view is I don’t think we can play subtle policy here.”
So while the tax cuts Bush passed ten years ago are going to expire, thereby bringing rates back to Clinton-era levels and President Obama is pledging to continue the tax breaks for those individuals making under $200,000 and those families earning less than $250,000 the GOP will solider on. They will continue to lie to the American public with claims that tax cuts for the wealthy that the rest of won’t receive is good for all us, even as it would continually tick up the total deficit.
Rest assured they have no intention of explaining how or why hose tax breaks will pay for themselves but they have no reason to tell you the truth.