Harry Reid says would weigh temporary tax breaks

[playstation]

Tue Nov 16, 2010

WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said Tuesday he was willing to consider a temporary tax cut extension for all income levels even though he personally does not like the idea.

Reid, speaking to reporters, said he would "take a look at a two- or three-year temporary tax cut."

Many leading Democrats have opposed continuing tax cuts for the wealthiest, while they want a permanent extension of existing tax cuts for those individuals making $200,000 or less annually.

(Reporting by Richard Cowan; Editing by Peter Cooney)

http://www.reuters.com/article/idUSTRE6AF58M20101116


No START Treaty, no DREAM act, no DADT repeal, no civilian trial for Guantanamo detainees, yes on extending b*sh tax cuts, anything else?

[ProSense]

1. More media spin

<...>

Reid and his fellow Democrats will hold a second day of closed meetings on Wednesday to talk about upcoming legislation. While agreeing to look at extending all current tax cuts, Reid said he personally opposed the idea.

"For people to say that these upper-income tax cuts affect most small business is simply not true. My main concern is to prevent a tax hike on the middle class," he said.

more

[Milo_Bloom]

4. The only spin seems to be yours.

I love the title of the link you provided "Top Democrat signals deal on Bush-era tax cuts"

Which is exactly what he did.

We all KNOW how this will turn out.

[flpoljunkie]

10. The tell...

Reid, speaking to reporters, said he would "take a look at a two- or three-year temporary tax cut."

Dems obviously have no appetite for tackling this again in 2012, so look for a three year extension of the Bush tax cuts.

[ProSense]

13. One caveat:

It still has to be paid for. What cuts are they going to make to pay for extending tax cuts for the rich?

If Democrats agree to this, they're going to have to defend the cuts.

[DrToast]

2. Saying you're open to that lets Republicans know that they have no reason to compromise

Either they don't see and they're stupid, or that's really what they want. It's one or the other.

[Autumn]

3. Of course Reid is willing to consider it,

to do otherwise would require a spine. I don't get these "Democrats" or whatever the hell they are.:grr:

[hayu_lol]

5. Reid is the sorriest excuse for a human being...

in the Senate...perhaps in the entire country.

[Inuca]

8. Actually

I think you can find much worse in the entire country. Come to think of it, even in the Senate.

[Rosa Luxemburg]

6. Why would he want to give the filthy rich a tax cut?

[geek tragedy]

7. Just following the White House's lead on premature capitulation. nt

[girl_interrupted]

9. I wish Senator Boxer would replace Reid

[Life Long Dem]

11. So another words

The questioning to Reid went like this. Would you agree to at least look at extending the tax cuts for all? Key wording "agreeing".

[BeyondGeography]

12. If they don't even decouple, our party is officially useless

[WI_DEM]

14. Like I said during the campaign I would love Harry to be re-elected and then I would love him to

step down as Majority Leader and let somebody with a little more spine take over.