Tax cut fight highlights Democrats' missing convictions
By Eugene Robinson
WashPost
Friday, December 3, 2010
Why did Republicans go to the trouble and expense of winning the midterm elections? It looks like they're about to prove, once again, that you can get your way in Washington without a congressional majority - if you have a firm sense of purpose. Maybe the Democratic Party will find one someday.
Or maybe not. Sigh.
What has me exercised - okay, frothing - is the ongoing fight over the Bush tax cuts for the wealthy, which are set to expire at the end of the year. By all rights, this shouldn't be a fight at all. The Republican position is so ludicrous that it beggars belief.
Here's what they argue: Extend the tax cuts for the richest Americans - in fact, make them permanent. Doing so would increase the deficit by $700 billion over the next decade, but this doesn't matter. We did tell you that we're the party of fiscal responsibility, however, so to prove it we'll block the extension of unemployment benefits for millions of jobless workers. Three weeks before Christmas.
In other words, there's no additional money in the national coffers for the victims of the most devastating recession since the Great Depression. But to help investment bankers start the new year right, perhaps with a new Mercedes or a bit of sun in the Caribbean? Step right up, and we'll write you a check.
(More here.)
WashPost
Friday, December 3, 2010
Why did Republicans go to the trouble and expense of winning the midterm elections? It looks like they're about to prove, once again, that you can get your way in Washington without a congressional majority - if you have a firm sense of purpose. Maybe the Democratic Party will find one someday.
Or maybe not. Sigh.
What has me exercised - okay, frothing - is the ongoing fight over the Bush tax cuts for the wealthy, which are set to expire at the end of the year. By all rights, this shouldn't be a fight at all. The Republican position is so ludicrous that it beggars belief.
Here's what they argue: Extend the tax cuts for the richest Americans - in fact, make them permanent. Doing so would increase the deficit by $700 billion over the next decade, but this doesn't matter. We did tell you that we're the party of fiscal responsibility, however, so to prove it we'll block the extension of unemployment benefits for millions of jobless workers. Three weeks before Christmas.
In other words, there's no additional money in the national coffers for the victims of the most devastating recession since the Great Depression. But to help investment bankers start the new year right, perhaps with a new Mercedes or a bit of sun in the Caribbean? Step right up, and we'll write you a check.
(More here.)
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