Senator Judd Gregg (R), Obama's first nominee for Secretary of Commerce, says that (surprise!) the regime is pushing class warfare:
Except the Democrats don't want to extend the tax cuts and are willing to go into the November midterm elections with the biggest tax increase in US history looming on the horizon. They are trying to paint the GOP as friendly to the cuts for the rich. The whole mess is backfiring on them. From the Boston Globe via memeorandum:
It's worth mentioning that the Democrats shamelessly refused to pass a budget too. With control of the House, Senate and executive branch, what was the problem there?
Except the Democrats don't want to extend the tax cuts and are willing to go into the November midterm elections with the biggest tax increase in US history looming on the horizon. They are trying to paint the GOP as friendly to the cuts for the rich. The whole mess is backfiring on them. From the Boston Globe via memeorandum:
...The House and Senate adjourned last night, leaving the central pocketbook issue to be decided after the Nov. 2 midterm elections — and just weeks before the tax cuts are set to expire. That indecision injects more uncertainty into whose taxes will go up, and by how much.
...The tax cut extension is expected to remain a political issue over the next few weeks, but not in the way Democrats had initially intended. Rather than using it on the campaign trail against Republicans, Democrats could find themselves on the defensive as the GOP yesterday began framing the vote delay as an example of government ineptitude and cowardice.Once again, it's not the governments money. In a tax cut, the government just confiscates less. Tax cuts costing the government is statist thinking. I wrote about this many times before such as here: Paul Krugman: All money is government's money. The issue after the elections gets even more interesting:
...A national GOP group has sent out press releases targeting Democrats in key races, including Representative Niki Tsongas of Lowell, contending they put their own interests over those of taxpayers by avoiding a vote that could be perceived as a tax increase on the wealthy.
...Republicans, along with some moderate Democrats facing close elections in conservative districts and states, argue that all the cuts should be extended to bolster a shaky economic recovery. Obama, and most Democrats, argue that the continued tax cut for the rich is not worth the cost of almost $700 billion over 10 years.
Democrats would still hold the majority during a lame-duck session, but their position against tax cuts for the wealthy could become untenable if voters resoundingly repudiate their agenda. The debate could be further complicated if Democrats lose their Senate seats in states where the winner may be seated immediately. A Republican win in Illinois, Colorado, Delaware, or West Virginia would make it easier for them to stifle the Democrats' plan through a filibuster.Even Barney Frank says it was a mistake to let the issue lapse. The Democrats are so scared that 46 Democrats sent an official letter to Pelosi demanding that she call for a vote on extending all the cuts. She obviously told them to go pound sand and adjourned until after the elections. The GOP responded:
"By avoiding an up-or-down vote to stop the Obama tax hike until after the election, Niki Tsongas has selfishly pushed economic recovery to the side for her own political interests,'' Ken Spain, communications director for the National Republican Congressional Committee, said, referring to the group's press release targeting her and other potentially vulnerable Democrats.More from Hot Air and Liberty Pundits Blog
...When asked why his party could not agree on a plan, Senator Chris Dodd, Democrat of Connecticut, said simply, "Because we're Democrats.''
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