Bush tax cuts were the number one concern for Monday’s Congress conversation. Congress had just returned from five weeks of vacation. No one expects Congress to get much done before lawmakers drop everything in about four weeks to campaign for the mid-term election. Democrats suggested that the Tax cuts by Bush be repealed unless one is making over $250,000 a year. Republicans have said they’ll not vote for anything but making the Tax cuts by Bush permanent for every person. The typical Congressional stalemate seemed inevitable. There was some controversy as House Minority Leader John Boehner said he’d certainly vote to cut regulations and tax breaks on the rich if that was the only way he’d be able to get his own taxes cut.
Bush tax cuts take every person for a surprise with Boehner
At the end of the year, the Tax cuts by Bush should expire. These cuts were enacted in 2001 and 2003 and applied to all people. The Obama administration wants to extend the Bush tax cuts to every person but America’s richest individuals. CNN reports that Republicans and some Democrats oppose the plan, calling it a tax increase in a weak economy. Republicans have confronted a filibuster unless the tax cuts are extended to all–which would basically allow them to expire for all. Democrats say that the middle class regulations and tax breaks are getting used just to get breaks for the rich with the Republicans. Everyone was interested to hear that Boehner was thinking about compromising on the Tax cuts by Bush.
Democrats drifting toward Republican ideas
Everybody was amazed that Boehner dropped the bomb as he did. This is because so numerous Democrats fearful of the mid-term elections were already considering switching their vote to make Tax cuts by Bush last while the economy gets better. According to the Washington Post, an extension of tax cuts for the rich were suggested by Democrats. The Democrats include Senate candidates as well as senators. In the House, the number of incumbents taking that position is growing. You will find so numerous different places with different costs of living that another suggestion has been raised. This suggests the $250,000 tax break threshold be $1 million per household.
Boehner maneuvers for power, not the middle class
When Boehner made his remark on the Bush tax cuts issue, Democrats seemed to boast. As outlined by the Christian Science Monitor, Boehner may just be trying to get Speaker of the House if Republicans start to control the government after mid-term elections. The Monitor said that unlike the opposition leader, the speaker is really responsible for getting bills passed. By suggesting he might be willing to compromise, Boehner could set up a tax-cut deal he could take credit for. Republicans might show how much better they think they’re than Democrats at getting results by simply passing a tax bill before mid-term elections come. There is still no answer as the whether or not Boehner cares about the middle class. The Monitor had no response.
CNN
cnn.com/2010/POLITICS/09/12/tax.cuts/index.html?npt=NP1
Washington Post
washingtonpost.com/wp-dyn/content/article/2010/09/12/AR2010091204308_2.html?wpisrc=nl_headline and sid=ST2010091204277
Christian Science Monitor
csmonitor.com/USA/Politics/The-Vote/2010/0913/Why-did-John-Boehner-change-his-mind-now-on-Bush-tax-cuts
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