Among Democrats, economic pressures are changing tax-cut dynamics

Washington Post ^ | 8/26/10 | Lori Montgomery

[Nachum]

With the economy rapidly weakening, some senior Democrats are having second thoughts about raising taxes on the nation's wealthiest families and are pressing party leaders to consider extending the full array of Bush administration tax cuts, at least through next year. This rethinking comes barely a month after Democrats trumpeted plans to stage a high-stakes battle over taxes in the final weeks before the November congressional elections.

[Nachum]

Run away! Run away! (from the record)

[Nachum]

“When You’re Holding a Hammer, Everything Looks Like a Nail.”, Bryan Glover,

http://www.youtube.com/watch?v=EfH46DTAkxo

[DB]

Why?

They’ve said over and over gain that taxing the rich is good economic policy. That they know how to spend the rich’s money more affectively and fairly than the rich do. Therefore the worse things get the more the need to tax the “rich”. Its for the children...

[Freddd]

They are not the ‘Bush tax cuts’, they are America’s tax cuts.

[sickoflibs]

RE :”But a growing cadre of Democrats - alarmed by evidence that the recovery is losing steam and fearful of wounding conservative Democrats in a tough election year - are advocating a plan that would permanently extend tax cuts benefiting the middle class while renewing breaks for the wealthy through 2011, senior Democratic aides said. That idea has long appealed to some conservative Democrats in both chambers, who argue that Congress should not raise anyone’s taxes until the economy is more stable. But Democrats said it has gained momentum since economist Mark Zandi, a key adviser to House Speaker Nancy Pelosi (D-Calif.), adopted that view during a presentation at a Democratic issues conference in California in mid-August “

This would be such a huge reversal of democrat economic talking points that the Republicans could use it to extend them permanently. The liberal base would be demoralized, they see this as critical to raise those taxes. I think Obama may look for an out on this too for 2012,

Republicans need to block ANYTHING during lame duck, even tax cuts. Tax cuts can be passed retroactively in January with the new congress.

[Nachum]

Republicans need to block ANYTHING during lame duck, even tax cuts. Tax cuts can be passed retroactively in January with the new congress.

The Dems can pass anything they want for now.

[catnipman]

What’s amazing about this article is that the Rats are essentially admitting that they’ve known all along that Keynesian spending does not stimulate economic growth and that tax cuts do, and that they’ve deliberately and knowingly taken actions that they knew would harm the economy and failed to take actions that they knew would help the economy.

[ding_dong_daddy_from_dumas]

Republicans need to block ANYTHING during lame duck, even tax cuts.

Of course, every Dem bill has contained far more cr*p than sound policy, (a Dem "tax cut" would come with some kind of Big Gov curse), but with the "Dem-agoguing" plus the Media pushing them, RINOs find it hard to resist "bipartisan" temptation.

Tax cuts can be passed retroactively in January with the new congress.

Let's hope the GOP won't load it down with pork. Nothing like hypocrisy to destroy faith in a party.

[stephenjohnbanker]

Without change in Republican leadership in the House and Senate, I don’t believe anything will be accomplished.

[ding_dong_daddy_from_dumas]

Without change in Republican leadership in the House and Senate, I don’t believe anything will be accomplished.

Nothing good.