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WSJ SLAMS House Republicans For Payroll Tax Cut Debacle, Says ...Throwing 2012 Election To Obama
Business Insider ^
| Dec. 21, 2011
| Zeke Miller
Posted on 12/21/2011 8:19:29 AM PST by Qbert
The conservative Wall Street Journal editorial board is slamming House Republicans today for their hard-line position on the payroll tax cut, writing that GOP lawmakers are throwing the 2012 election to President Barack Obama before it even begins.
House Republicans are refusing to pass the bipartisan two-month extension of the tax cut that passed the Senate on Saturday, demanding a year-long increase. But Senate Majority Leader Harry Reid says he'll only reopen negotiations on a longer deal once the House passes the Senate bill and removes the immediate threat of a tax increase for most Americans.
[Snip]
The Journal's advice: Pass the tax cut and fast:
At this stage, Republicans would do best to cut their losses and find a way to extend the payroll holiday quickly. Then go home and return in January with a united House-Senate strategy that forces Democrats to make specific policy choices that highlight the differences between the parties on spending, taxes and regulation. Wisconsin freshman Senator Ron Johnson has been floating a useful agenda for such a strategy. The alternative is more chaotic retreat and the return of all-Democratic rule. The Journal's criticism of Boehner will only strengthen the Democratic position, and is sure to be trotted out by Democrats and even some Republicans to pressure the Speaker to pass the bill and put an end to the legislative nightmare. That said, Boehner hasn't caved to Democrats yet, and is likely to take these negotiations up to the brink.
(Excerpt) Read more at businessinsider.com ...
TOPICS: Government; News/Current Events
KEYWORDS: payrolltax; socialsecurity; wallstreetjournal
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To: kevkrom
Tell that to the payroll processors whose systems are designed to handle different tax rates within the same fiscal quarter. Must be a very large constituency I guess.
21
posted on
12/21/2011 8:29:25 AM PST
by
bkepley
To: Qbert
WSJ leans leftist but sometimes looses its grip and falls down..
but sometimes they back into something conservative and trip.. and fall down..
WSJ spends a lot of time on their Knees.. quite handy to democrat Presidents..
22
posted on
12/21/2011 8:29:36 AM PST
by
hosepipe
(This propaganda has been edited to include some fully orbed hyperbole...)
To: Qbert
Yawn, Like anybody will even remember in 10 months that Republicans held up this for a few weeks to get a better deal, let alone base their vote on it over Obamacare or anything else. Once the bill is finally signed, even if its a few weeks or months late, the only thing people will remember is it passed.
23
posted on
12/21/2011 8:29:41 AM PST
by
apillar
To: bkepley
The payroll tax cuts are NOT the way to go about relieving the tax burden on the middle class, or anyone else.
It robs from SS payments without making the necessary cuts to SS.
And two months is a joke.
Good luck reprogramming all the payroll systems to accomodate this stupidity.
24
posted on
12/21/2011 8:30:13 AM PST
by
SJSAMPLE
To: Qbert
This bill also extends unemployment compensation. Too many people want free government stuff and don't want to pay for it. If we have reached the tipping point, then it is just a matter of quickly we can look to a Road Warrior type future with withdrawal of government order from much of society because of bankruptcy.
25
posted on
12/21/2011 8:30:39 AM PST
by
Truth29
To: Qbert
Stand your ground men!
26
posted on
12/21/2011 8:30:55 AM PST
by
McGruff
(Hold the House, retake the Senate.)
To: vbmoneyspender
"Why is the House at fault? A two month extension is ridiculous. It might as well be a 2 week extension or maybe the WSJ would be happy with a 2 day weekend extension."
Yep. And notice how the report by payroll processors, that a two-month extension would be simply unworkable, has been completely disregarded by the WSJ and everybody slamming the House Republicans?...
27
posted on
12/21/2011 8:31:01 AM PST
by
Qbert
("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
To: kevkrom
What in the world has happened to the WSJ??
Murdoch
To: vbmoneyspender
It might as well be a 2 week extension or maybe the WSJ would be happy with a 2 day weekend extension. Exactly. If it's so important why not make it 6 months or a year? This is nothing more than the rats posturing, as usual.
29
posted on
12/21/2011 8:31:11 AM PST
by
jersey117
(.)
To: bkepley
The WSJ is right. Nothing good could possibly come from refusing to pass the extension.
Why. So the Democrats can do this every two months until the election? Talk about shooting yourself in the foot.
30
posted on
12/21/2011 8:31:56 AM PST
by
cp124
(Government is value subtracted.)
To: Principled
IE its a social security cut. Cmon repubs.
Exactly...all this nonsense does is give Obama some twisted talking point about repubs rejecting a middle class tax cut.
Sure nice when the press is all in your camp. Repubs have to get out their check books and have ads on every network to educate the sheeple. Where my wife works, the young people don’t know anything other than what they see on Jon Stewart, alphabet networks or newspaper headlines. Education is power; time to go back to basics and dethrone and debunk Obama.
31
posted on
12/21/2011 8:32:51 AM PST
by
sanjuanbob
(Festina Lente)
To: SumProVita
“What in the world has happened to the WSJ?? Are they nuts?”
They are a bunch of Corporatists, and they want to set this up so that they can get their guy the nomination.
32
posted on
12/21/2011 8:34:25 AM PST
by
Qbert
("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
To: Principled
Social Security funding is through taxes. All funding “for” Social Security goes into the general fund. All funds paid out to Social Security recipients go out of the general fund. Do you also think there is a “lockbox”?
33
posted on
12/21/2011 8:36:36 AM PST
by
allmendream
(Tea Party did not send the GOP to D.C. to negotiate the terms of our surrender to socialism.)
To: cp124
Why. So the Democrats can do this every two months until the election? Talk about shooting yourself in the foot. It would certainly not be Republicans shooting themselves in the foot. Republicans should be about keeping taxes low. And anyway...this mess was not all Democrat doing. There are 47 Republican Senators if I'm not mistaken.
34
posted on
12/21/2011 8:37:03 AM PST
by
bkepley
To: Qbert
“return in January with a united House-Senate strategy that forces Democrats to make specific policy choices...”
LOL!
In January the Dems will hold all the cards and will get a tax increase “on the rich” to pay for the payroll tax cut.
Do it now.
35
posted on
12/21/2011 8:38:13 AM PST
by
mrsmith
(Start electing a 'Tea Party' Majority Leader in 2012 now!)
To: Qbert; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3; NFHale; ...
RE :"
At this stage, Republicans would do best to cut their losses and find a way to extend the payroll holiday quickly. Then go home and return in January with a united House-Senate strategy that forces Democrats to make specific policy choices that highlight the differences between the parties on spending, taxes and regulation. Wisconsin freshman Senator Ron Johnson has been floating a useful agenda for such a strategy. The alternative is more chaotic retreat and the return of all-Democratic rule. The Journal's criticism of Boehner will only strengthen the Democratic position, and is sure to be trotted out by Democrats and even some Republicans to pressure the Speaker to pass the bill and put an end to the legislative nightmare. That said, Boehner hasn't caved to Democrats yet, and is likely to take these negotiations up to the brink."
I am not sure how having this lapse for a week or two in January would bring the world to an end politically, however it all depends on how Boehner and house members can play this up on TV calling Obama and the Senate back versus Obama who is accusing them of tanking the economy on purpose.
Boehner made the mistake of agreeing to the Senate bill, or at least looking like he did only to come back to a rebellion making him look weak and playing into Democrat talking points. That is what makes me think he will still cave in the end.
36
posted on
12/21/2011 8:38:38 AM PST
by
sickoflibs
(You MUST support the lesser of two RINOs or we all die!)
To: Qbert
Don't you just love it!
RINOs giving "sage advice" to conservatives on how to beat liberals.
37
posted on
12/21/2011 8:39:17 AM PST
by
zerosix
(native sunflower)
To: Principled
This was a battle lost at the very beginning. And it was certainly lost the moment McConnell and the spineless Republicans in the Senate agreed to the compromise.
This bunch of Republicans in the House are absolutely tone deaf when it comes to politics. The public relations battle was lost. Their only choice was to give the Democrats their victory and take the pipeline.
Stupid, stupid, stupid and they have done more damage to the Republican hopes in November than anything any of the candidate could do.
38
posted on
12/21/2011 8:40:22 AM PST
by
Sudetenland
(Anybody but Obama!!!!)
To: Mr. K
"And why arent the Republicans screaming about how Obama is taking funds from social security~!!!!!!!!!!!!!!!! with this tax cut
Geez Boehner is stupid if he cant bat this one out of the park. Would someone please give him a clue?
I think he's secretly terrified that Obama will get angry if he does...
39
posted on
12/21/2011 8:40:42 AM PST
by
Qbert
("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
To: SJSAMPLE
The payroll tax cuts are NOT the way to go about relieving the tax burden on the middle class, or anyone else. It robs from SS payments without making the necessary cuts to SS. And two months is a joke. Good luck reprogramming all the payroll systems to accomodate this stupidity. Yeah, splain that to the no-nothings. If taxes go up and the independents don't blame the Republicans I take it all back.
40
posted on
12/21/2011 8:40:50 AM PST
by
bkepley
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