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There will be no Republican compromise on tax cuts?

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-07-10 09:22 PM
Original message
There will be no Republican compromise on tax cuts?
Edited on Sun Nov-07-10 09:22 PM by ProSense
The media reports have been pushing this all day: GOP: There'll be no compromise on tax cuts

Now, here is Steve Kroft interviewing President Obama on 60 Minutes:

<...>

KROFT: One of the first chances you're gonna get to show a spirit of cooperation is on the Bush tax cuts, which are set to expire at the end of the year. You've said that you want to keep 'em in place for the middle class. You want them to expire for the wealthier Americans. The Republicans want to keep them for everybody. Are you ready to compromise on the Bush tax breaks?

<...>

KROFT: Congressman Boehner is the next Speaker of the House, most likely, offered you a compromise back in September. He suggested extending the tax break for the wealthiest for two more years. And rolling back discretionary government spending to levels before the bailout in 2008. Is that something that you could live with?

PRESIDENT OBAMA: I think that when we start getting specific like that, there's a basis for a conversation. I think that what that means is that, you know, we can look at what the budget projections are. We can think about what the economy needs right now. Given that it's still weak. And hopefully, we can agree on a set of facts that leads to a compromise. But my number one priority coming into this is making sure that middle class families don't see their tax rates go up January 1st.

KROFT: Do you want to make a counter proposal to him right now?

<...>


The tax cuts expire December 31. Boehner is not Speaker of the House when Congress reconvenes on November 15.

Republicans can scream about not compromising, but they do not have the upper hand.



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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-07-10 09:26 PM
Response to Original message
1. Republicans - Spendthrifts for the rich and M.I.C., Deficit Hawks for everyone and everything else.
Funny how that works, doesn't it?
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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-07-10 09:29 PM
Response to Original message
2. Let the cuts lapse for everyone and make the repubs vote against a tax break for the middle class
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treestar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-07-10 09:31 PM
Response to Original message
3. If they won't compromise, the middle class can have their taxes
raised, as far as I'm concerned. They voted for it, they get what they deserve.

Obama can blame the Republicans for it.

If the Republicans really think the voters are all for tax cuts for the rich, they may be dreaming.

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-07-10 09:35 PM
Response to Reply #3
4. If they don't compromise
Democrats hold a vote on the middle class tax cuts only.

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niceypoo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-07-10 11:22 PM
Response to Original message
5. Let them all expire
Republicans have proven themselves incompetent in matters of economics, they deserve nothing.
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Phx_Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-08-10 12:35 PM
Response to Original message
6. FIne with me. If they refuse to pass middle-tax cuts because Richy Rich
Edited on Mon Nov-08-10 12:36 PM by Phx_Dem
doesn't get one, then two things will happen:

1. They get the blame
2. The debt will be reduced significantly

A win-win for Dems as long as they don't let GOP control the tax cut message, which is another good reason Peloi should be as House majority leader.
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