Thursday, December 02, 2010

Liberals Pressuring Obama to Reject Deal on Bush Tax Cuts


Newsmax.com:
A controversial new ad campaign is hitting the airwaves to pressure President Barack Obama into rejecting any compromise with Republicans that would extend all Bush-era tax cuts in time to prevent a massive tax hike from automatically taking effect at year’s end.


On Thursday, the lame-duck House voted to allow the expiration of tax breaks for household income above $250,000. But even Democrats admit that the bill, widely viewed as a bid to win favor with the Democratic base, is dead on arrival in the Senate, where all 42 GOP senators have said they oppose it.


But that vote, combined with the ad campaign launched by left-wing heavyweights MoveOn.org and the Progressive Change Campaign Committee, could rouse the Democratic base and complicate the administration’s effort to reach a compromise with Republicans.


Obama has directed a White House team to negotiate with Republicans on the tax-break extensions. Until Thursday, the consensus among D.C. insiders was that with Obama’s support, moderate Democrats and Republicans would be able to strike a last-minute bargain to extend the tax breaks.


But now some analysts are no longer so sure a deal will get done during the lame-duck Congress.
I bet most lunatics on the Left don't even understand what the "Bush tax cuts" actually does or who it also helps, but hey it has his name on it so it must be BAD!!!

0 comments:

Post a Comment