Dems to Extend Bush's Middle Class Tax Cuts

Time Magazine ^ | July 21, 2010 | Jay Newton-Small

[2ndDivisionVet]

Just when you thought Congress was spent -- literally -- and done for the year they'll turn around and surprise you. No money left to do anything? United Republican opposition? Democrats are planning to take on the great white whale of spending: extending President Bush's middle class tax cuts. The cost is estimated from $1.6 trillion to extend them to as much as $2.7 trillion to make them permanent. According to Senate Democratic sources, the latter is what they're going to go for -- and they're planning to do it before the midterm elections.

[Carley]

They KNOW that raising taxes is poison.

[CommieCutter]

“extending President Bush’s middle class tax cuts.”

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I could have sworn that I was told those tax cuts were for the rich for 8 years. *eye roll*

[MrPiper]

Democrats are planning to take on the great white whale of spending: extending President Bush's middle class tax cuts.

Lie.........ain't gonna happen.

[icwhatudo]

Only Time magazine and the dems could think cutting taxes is a spending measure....

[EGPWS]

I could have sworn that I was told those tax cuts were for the rich for 8 years.

Thanks to Obama they are middle class now.

[CommieCutter]

“They KNOW that raising taxes is poison.”

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The funny thing is, you ask a lib: What particular policy did Bush employ that caused him to get all the blame for the financial collapse? Their answer most of the time: Bush’s tax cuts.

Hilarious.

Well, at least it’s something that will benefit us. However, I hope it’s too late for the Dems.

[mountn man]

EXACTLY my thought.

[central_va]

If you compare the economy to a bull fight, where the bull is the economy and the matador is the demo-socialists now running things, then the tax hike will be analogous to where the matador sticks the bull with the sword.

[CommieCutter]

I begining to think they know too. They seriously can’t be that dumb. Their icon JFK knew this to be true, certainly they do.

[caseinpoint]

My guess is, they will talk about it between now and November, holding a little of that vain hope aloft for their moderate and independent voters until after the election. Afterwards, the all-powerful commission will say that, unfortunately, the U.S. can’t “afford” to extend the breaks, what with the deficit and all. The Dems and Obama will boo-hoo for the cameras and snicker in their private drawing rooms.

[eyedigress]

So all of those 1099’s over 600 dollar transactions go away?

[xkaydet65]

Clever idea by the Dems. I’ve been expecting this move. The GOP will be placed in a tough spot before the midterms. Honestly I don’t see much wiggle room. If they stick to the insistence on the keeping the reductions for the highest bracket the effect on the midterms will be damaging to the GOP. Tell some plumber making 75K a year that his taxes are going up because the GOP wanted to protect someone making 350K and that will resound at the polls.

[ElkGroveDan]

The cost is estimated from $1.6 trillion to extend them to as much as $2.7 trillion to make them permanent.

Hey Time Magazine. A tax cut doesn't COST anything.

[dr_who]

What do you bet that they combine it with an energy (ie cap n’ tax) bill? Republicans should be wary of anything but a clean bill.

[KansasGirl]

You read my mind.

[Cheerio]

The RATS have got to be scared to DEATH of the upcoming purge.

[Graybeard58]

The cost is estimated from $1.6 trillion to extend them to as much as $2.7 trillion to make them permanent.

The cost?

Government acts like it's their money.

[Windflier]

"The cost..."

Tax cuts don't "cost" you liberal moron. Liberals have been pushing that lie of a concept for as long as I can remember.

[dr_who]

The class warfare tactics of the Democrats should be nothing new to the Republicans. The facts are on the side of the Republicans if they argue on the facts.