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Dems DON'T plan to roll back Bush tax cuts for wealthy!

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Laura PourMeADrink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:23 AM
Original message
Dems DON'T plan to roll back Bush tax cuts for wealthy!
http://usatoday.printthis.clickability.com/pt/cpt?action=cpt&title=Senate+Democrats%27+budget+leaves+war+funding+intact+-+USATODAY.com&expire=&urlID=21528127&fb=Y&url=http%3A%2F%2Fwww.usatoday.com%2Fnews%2Fwashington%2F2007-03-13-budget_N.htm%3Fcsp%3D34&partnerID=1660

Senate Democrats' budget leaves war funding intact

By Richard Wolf, USA TODAY
WASHINGTON — Senate Democrats will unveil a 2008 budget today that would boost spending for uninsured children, students and veterans without cutting funds for defense or the wars in Iraq and Afghanistan.
The budget also would not roll back any of President Bush's tax cuts after 2010, when they are set to expire. It says the tax cuts can be extended if they are paid for.

The spending plan, to be voted on Thursday by the Senate Budget Committee, is more specific about its additions than its subtractions. Most decisions on how to pay for new spending or tax cuts are left to the committees that will turn the budget blueprint into legislation.

"We do not tell them how to raise the money," said Sen. Kent Conrad, D-N.D., who chairs the budget panel. "We do not tell (them) how to spend the money."

In fact, the budget is most notable for what it would not do, despite Democrats' attacks: reduce Bush's war spending or tax cuts. Senate Democrats do not want to be seen as hurting troops or taxpayers. House Democrats will unveil their proposal next week.

It will be the first budget written solely by Democrats in 13 years.

The omissions and lack of specifics on how the new initiatives would be paid for prompted questions from Republicans.

"We'll need to take a look at the details to see if the math adds up to a tax increase on American families and job creators, a move which would put our strong economy in jeopardy," White House budget director Rob Portman said.

The budget resolution sets the parameters for the tax and spending bills that comprise the federal budget. It does not have to get passed, and it does not require the president's signature. But without it, the budget process in Congress usually breaks down, as it did last year when Republicans failed to pass most appropriations bills.

Highlights of the plan:

•This year's $248 billion budget deficit would rise to $249 billion next year. By 2012, it would be replaced by a $132 billion surplus.

•The Children's Health Insurance Program would get up to $50 billion more over five years, about $45 billion more than Bush proposed and enough to insure all eligible children. Education programs would get about $6 billion more than Bush proposed next year, and veterans programs would rise by about $3.5 billion.

•The Defense and State departments would get the full $142 billion Bush seeks in 2008 for the wars in Iraq and Afghanistan. Democrats also kept Bush's proposed $481 billion defense budget, a $49 billion boost over this year.

•Tax rates would not be increased, but the budget would seek to clamp down on tax cheats and offshore tax shelters to raise new revenue. The alternative minimum tax, which targets the rich, would not raise taxes on the middle class for two years — one year more than Bush proposes.



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acmavm Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:34 AM
Response to Original message
1. And again I will say, this group of asshats we sent to Washington
forgot the reason they were elected as soon as they started breathing D.C. air.
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bryant69 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:36 AM
Response to Original message
2. That seems like a bad move.
I'm generally not as down on Congress as some around here, but come on - fiscal responsibility is something America wants - and doing up a bill that considers getting us back on track in regards to that is good politics. Republicanoids would be pressured to support it, for one thing.

Bryant
Check it out --> http://politicalcomment.blogspot.com
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Laura PourMeADrink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:46 AM
Response to Reply #2
9. Democratic Strategies are always so transparent. We are
taking the following 2008 criticisms off the table:

1. We raise taxes
2. We want the troops to be without funding.
3. We are obsessed with impeachment.

BUT, ON THE OTHER HAND, We also can not claim any successes:

1. We can't say we are making the tax code more equitable
2. We are ending the war.
3. We are bringing a leader who lied about a war where people have died to justice.
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Cassandra Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:38 AM
Response to Original message
3. Bush would veto it anyway...
and blame the Dems.
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librechik Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:49 AM
Response to Reply #3
12. exactly--and they are using this to bargain for an Iraq exit with the pukkkes
so let's give them this one, ok? They can make their own budget from scratch next year, and it will be more to our liking.
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azurnoir Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:39 AM
Response to Original message
4. Surprise not
don't forget for a minute for most of them it would mean raising their OWN taxes.
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a kennedy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:41 AM
Response to Original message
5. This action makes me ponder a 3rd party candidate!!!
as in both parties are held by corporations. D*mn.
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Buzz Clik Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:47 AM
Response to Reply #5
11. Amen.
Pre-election 2006, there was lots of fighting here at DU about Dems who refuse to live up to the standards of the Party. The noisier posters would scream and yell to vote for the Dem and we'd sort it out later.

Well, here we are. Same shit, different day.
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mvd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:43 AM
Response to Original message
6. Why not make Bush veto stuff?
I thought we were making progress in this Congress, but I've been disappointed lately. The Repukes sent what they wanted to Clinton and made HIM compromise.
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Double T Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:44 AM
Response to Original message
7. It is business as usual. Are their any real economists in the HOUSE?.......
the Senate? Guess not. The Titanic continues to take on water while the filthy rich scramble for the last seats on the lifeboats.
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garybeck Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:45 AM
Response to Original message
8. Backtracking on Iran, Guantanamo, taxes....
They better do something to impress me, and soon. I've just about had it so far with this congress.
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BayCityProgressive Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:49 AM
Response to Reply #8
13. really
are they going to do ANYTHING!? The Democrats are pathetic.
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Double T Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:58 AM
Response to Reply #13
14. More concerned with being reelected than to do anything to improve bushco's mess............
Edited on Wed Mar-14-07 09:59 AM by Double T
don't rock boat, status quo, go through the motions, equals same old political crap. Perhaps it is time for a NEW political party.
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Laura PourMeADrink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 10:15 AM
Response to Reply #14
15. The problem is that they will have no issues to complain
against at reelection. They are co-opting them all.
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leftchick Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:47 AM
Response to Original message
10. I am shocked!
not! Another day another outrage from the so called opposition party.

:mad:
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