Republicans want to hold tax cuts hostage

[Jeffersons Ghost]

Republicans want to keep tax cuts hostage
by Jed Lewison

With the Bush tax rates due to expire Dec. 31, that fight between Republicans and Mr. Obama, who favors extending the rates only for income below $250,000, will play out in Congress’s lame-duck session this month. On Thursday, the White House served notice that Mr. Obama, who a day earlier signaled a willingness to compromise, would not sign on to any deal making permanent the lower rates for income above $250,000.

“The president does not believe, and I think would not accept, permanently extending the upper-end tax cuts,” said his press secretary, Robert Gibbs.

The two sides could settle for something less than a permanent extension of the top rates, Mr. Gibbs suggested. Democrats say they might agree to a one- or two-year increase, and longer for the middle-income rates.

But Republicans say they will insist that, whatever the duration, all rates must be extended in tandem — the easier to extend them together again in the future. Both sides recognize that, politically, Republicans would have a harder time in the future trying to extend only the rates that benefited the richest Americans, about 2 percent of taxpayers.

http://www.dailykos.com/

[RUMMYisFROSTED]

1. Is an extraction team out of the question?

:think:

[opihimoimoi]

2. The President MUST SHOW SPINE for the ECONOMY of the NATION

Extension of the Top 2% tx cuts must be defeated...off the Table even....let them moan groan all they want....

Newt tried to stifle Clinton with a Gov't shut down...epic fail