Jul
26
2010
1

Extending tax cuts: rhetoric meets reality.

The basic situation?  The Democratic party is facing a dilemma of more or less its own doing with the looming end of Bush-era tax cuts.  The party generally ran on a program of repealing them for the ‘rich,’ which was rhetorically useful (if not fiscally so); and some Democratic legislators are beginning to worry about the political effects of that.  The problem – which the Right has been saying all along – is that raising taxes on the top two tax brackets will affect an indeterminate number of small businesses.  Democratic legislators apparently plan to solve this problem by demonizing the Republican party’s position on tax relief while simultaneously coming as close to it as they dare. (more…)

Written by in: Politics | Tags: ,
Jul
01
2010
1

Perfect storm on killing tax cuts?

This is passing “institutional cowardice” and is rapidly approaching the status of “blackmail threat:”

Democratic leaders are likely to punt the task of renewing Bush-era tax cuts until after the election.

Voters in November’s midterms will thus be left without a clear idea of their future tax rates when they go to the polls.

I can just see the slogan, too.  “Vote Democratic, or we’ll burn the country down.  Giggling.” (more…)

Written by in: Politics | Tags: , ,

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