Article 1, Section 7, Clause 1 of the United States Constitution:

[joshcryer]

All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.

http://en.wikipedia.org/wiki/Article_One_of_the_United_States_Constitution#Clause_1:_Bills_of_revenue

Progressive legislation that incurs a tax must first be originated by Congress. If the Administration loses the House of Representatives, it will be extremely difficult to enact that new legislation. Want to have a second stimulus? There's no way a Republican held House would allow it, even if the Administration attempted to pull a Bush Bailout coup and try to dance around this Constitutional requirement.

From my POV I cannot comprehend a second stimulus being able to be passed if we lose the House of Representatives. While this may bode well for an Obama reelection (the Carter position), I really would hate to see the country fester for another 2 years or possibly even more if we cannot get the House back and retain the Presidency. This is important, guys and gals.

[joshcryer]

1. Thanks for the unrec!

:hi: whoever you are

[happyslug]

2. This has been dead since Reagan

Remember under Reagan, the GOP controlled the Senate, and the Democrats Controlled the House. Reagan wanted his tax cuts, so the Senate passed them and sent them to the House. The House then approved them, ignoring this part of the US Constitution. The rationale was that the tax cut was NOT a tax bill, for if it was the House would have just ignored it. Given that the House approved teh Reagan tax cuts, the tax cut was constitutional for only the House had the right to demand that the Tax bill starts in the House, and when the House failed to object, any objection was waived.

[joshcryer]

A tax cut does not "raise revenue," by definition. This is why the supply siders got away with it.

They argued to the population that "cutting taxes will bring us more taxes because corporations will have more money to spend and will be able to profit more thus growing and producing more taxes." The population bought it, hook, line, and sinker.

But politically the tax cuts were *never* considered actions to "raise revenue." Everyone at the time knew what would happen, and that the supply side argument was bullshit, but the corporate interests won.

[joshcryer]

3. delete dupe

heh, recording conan show zero because I need to lay down :P stupid recorder causes double posts