Republicans: Extend All Tax Cuts-But NO Unemployment Benefits

[kpete]

Republicans: Extend All Tax Cuts

Republicans may have rejected an extension of unemployment benefits for 2.1 million Americans without work, but when it comes to giving tax cuts to the wealthy, the deficit can be damned: Senators Judd Gregg and John Kyl and House Minority Whip Eric Cantor are pushing for an extension of the Bush tax cuts for the wealthiest Americans, with Kyl saying that the cuts should be extended regardless of how they affect the deficit: “You do need to offset the cost of increased spending, and that's what Republicans object to. But you should never have to offset cost of a deliberate decision to reduce tax rates on Americans,” Kyl argued. This bodes poorly for President Obama’s deficit commission, which is going to propose that three-quarters of future deficit reduction comes through reduced spending. That still won’t likely be enough for Republicans: “Since it includes tax increases, zero Republicans will vote for it,” Matt Yglesias writes. “But since it’s mostly weighted to spending cuts, most Democrats will reject it.” Democratic Senator Byron Dorgan, meanwhile, says Democrats are likely to preserve tax cuts for households making less than $250,000.

http://www.thedailybeast.com/cheat-sheet/?cid=hp:cheatsheet1#cheatrow_18006
http://www.huffingtonpost.com/2010/07/12/jon-kyl-extend-bush-tax-c_n_642862.html?sc=1

[louis-t]

1. Repeat and repeat and repeat, every day until election.

And remember that repigs want YOU to pay for the mess in the Gulf, not BP.

[county worker]

2. The chart with the article says what we all have been saying.

Increase taxes on the wealthy and end the wars. These are the things needed to bring down the deficit.

[JHB]

3. That chart: a breakdown of the projected deficit, with various factors shown

[notadmblnd]

4. We need to go at these idiots another way. Guilt them into it.

After all, this country provided the opportunities for them to get where they are today. I mean really, in these times when there are 2 wars to support so they can continue amassing their fortunes? They should be ashamed of themselves for being so greedy and not wanting to give anything back. How unpatriotic can they be?

[BootinUp]

5. I don't see why I should even vote in Nov!

:sarcasm: