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Reid blasts Republicans for not extending Bush-era tax cuts
The Hill ^ | June 30, 2010 | Jay Heflin

Posted on 06/30/2010 10:57:17 AM PDT by jazusamo

Senate Majority Leader Harry Reid (D-Nev.) on Wednesday blamed Republican stalling tactics for not being able to extend tax breaks that were enacted under President George W. Bush.

"Maybe if they stop stalling everything that comes to the floor we might be able to get to that stuff," he told reporters, adding, "We'll get to that when we get through unemployment insurance, Wall Street reform, and a few other things."

Congress passed the Bush tax cuts in 2001 and 2003 when Republicans controlled both chambers. Those tax breaks, which benefit a large swath of the economy, are slated to expire in January.

Republicans have long argued that extending these tax breaks is necessary to keep the economy from sliding back into a recession. Democratic leaders have vowed to pass them as soon as possible.

But delays in the Senate are causing a bottleneck in the upper chamber, with the House passing legislation that can never be debated in the Senate, largely because of Republicans making use of the filibuster option.

Democrats back the extension of tax cuts benefiting the middle class, as well as protecting them from the alternative minimum tax. They would also like to keep the estate tax from reverting back to pre-2001 levels, when estates worth roughly $1.2 million were slapped with a 55 percent tax.

Most tax lobbyists expect Congress to extend these measure for two years, which some congressional sources say could cost more than $250 billion.

Also, under pay-as-you-go rules, a two-year extension of these provisions does not have to be offset.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: extendtaxbreaks; reid; taxes
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To: jazusamo

It’s sad the GOP has not the means to exploit this deception.


21 posted on 06/30/2010 11:12:49 AM PDT by Gene Eric (Your Hope has been redistributed. Here's your Change.)
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To: jazusamo

The Democratic base pays no taxes. WTF do they care?


22 posted on 06/30/2010 11:13:29 AM PDT by wac3rd (Somwhere in Hell, Ted Kennedy snickers....)
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To: jazusamo

Well, Harry-hunny...why don’t you tell us what the demonRATs tacked onto it, first?


23 posted on 06/30/2010 11:14:46 AM PDT by 13Sisters76 ("It is amazing how many people mistake a certain hip snideness for sophistication. " Thos. Sowell)
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To: jazusamo

Only in ‘Rat World can 40 GOP Senators hold 60 Rat/Indie Senators hostage.


24 posted on 06/30/2010 11:15:02 AM PDT by OCCASparky (Obama--Playing a West Wing fantasy in a '24' world.)
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To: kevao
It's beyond words, the stupidity of the GOP having passed these tax cuts with expiration dates.

While the Pubbies had control of Congress they did not have a filibuster proof Senate.

The Dems refused to allow the tax cuts to go through without the expiration date. That way they could use it for their political advantage when the expiration date came up. The Dems are very cunning political animals but they are terribly un-American.

25 posted on 06/30/2010 11:15:21 AM PDT by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: jazusamo
"Maybe if they stop stalling everything that comes to the floor we might be able to get to that stuff," he told reporters, adding, "We'll get to that when we get through unemployment insurance, Wall Street reform, and a few other things."

Corrected text:

"Maybe if they stop stalling everything that comes to the floor we might be able to get to that stuff," he told reporters, adding, "We'll get to that when we get through unemployment insurance, Wall Street reform, Cap and Trade, Amnesty, Value Added Tax, Abolition of Personal Property, Takeover of Food Production, Nationalization of all Industries, Centralized Planning Politboros, Abolition of Congress and the Senate and the introduction of Unaccountable Czars, the Shutdown of Dissent on the Internet, Banning and Collecting all Firearms, and Packing the Supreme Court with about 40 new Leftist Justices..... and a few other things."

26 posted on 06/30/2010 11:15:37 AM PDT by Lazamataz ("We beat the Soviet Union. Then we became them." -- Lazamataz, 2005)
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To: jazusamo

...without all the little secret tax bombs and socialist agenda items embedded in it.


27 posted on 06/30/2010 11:16:45 AM PDT by snarkbait (<<For Rent>>)
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To: llevrok

This just shows his desperation to hang onto power. LIES, LIES and more LIES.


28 posted on 06/30/2010 11:17:03 AM PDT by truthandlife ("Some trust in chariots and some in horses, but we trust in the name of the LORD our God." (Ps 20:7))
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To: Southack

I was thinking more along these lines:

Economic growth-stimulating tax cuts are to Republicans what socialized medicine is to Democrats. The Holy Grail.

We passed ours with an expiration date.

How about Obamacare? Not.


29 posted on 06/30/2010 11:17:10 AM PDT by kevao
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To: llevrok

30 posted on 06/30/2010 11:19:40 AM PDT by AngelesCrestHighway
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To: Lazamataz

Yep, that’s exactly his intentions, IMO.


31 posted on 06/30/2010 11:20:00 AM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: Stormdog
Harry, you really think that we are that stupid, don’t you?

Why, YES--yes he does!
32 posted on 06/30/2010 11:20:52 AM PDT by OCCASparky (Obama--Playing a West Wing fantasy in a '24' world.)
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To: OldMissileer
While the Pubbies had control of Congress they did not have a filibuster proof Senate.

Reagan didn't either. In fact, he didn't even have control of the House. But he got his tax cuts through without any sunset provisions, as far as I recall.

The GOP today just has no stones.

33 posted on 06/30/2010 11:24:31 AM PDT by kevao
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To: OldMissileer

My question is why would they extend the evil Bush tax cuts. For eight years all we heard was these were for the “rich” and didn’t benefit the middle class or poor and only hurt them.

Which is is comrades?


34 posted on 06/30/2010 11:24:36 AM PDT by sarge83
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To: jazusamo

...... is the bill for extending the Bush tax cuts filled with other tax hikes and or loaded with liberal pork ???


35 posted on 06/30/2010 11:25:56 AM PDT by lionheart 247365 (-:{ GLEN BECK is 0bama's TRANSPARENCY CZAR }:-)
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To: kevao

0bamacare has a sunset date (required to meet budget rules).

Strike two.


36 posted on 06/30/2010 11:26:30 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: jazusamo

the dems control it all and whatever passes or doesn’t is entirely on THEM. cannot say it enough.


37 posted on 06/30/2010 11:27:00 AM PDT by tioga
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To: kevao
The GOP today just has no stones.

Yep. They usually follow their leader and Bush 2 did not fight for any domestic agenda, just like his father.

From what I/we saw he basically rolled on almost every contentious item the Dems mouthed off about.

38 posted on 06/30/2010 11:30:03 AM PDT by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: jazusamo

Harry should be eaten by bacteria


39 posted on 06/30/2010 11:30:56 AM PDT by sierrahome
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To: februus

Most of the news these days would have been only Scrappleface articles before the 0 was elected.


40 posted on 06/30/2010 11:36:08 AM PDT by kosciusko51
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