Free Republic

A new poll from Marist and McClatchy make the position of Reid and Obama even tougher. Contrary to Obama’s claim, a majority of registered voters want all of the current tax rates extended, even those of the highest earners: A majority of Americans want the Bush tax cuts extended for everyone, despite a strong push by President Barack Obama to eliminate them on higher incomes, according to a new McClatchy-Marist poll. The poll found 52 percent of registered voters saying they want all the tax cuts extended, including the tax cuts for incomes above $250,000, while 43 percent want the...

President Obama is threatening to veto any legislation that extends all the tax cuts set to expire at the end of the year, as he presses Congress to extend those cuts only for families whose yearly income is less than $250,000 -- and raises taxes on everyone earning more. The veto threat sets the early tone for what is expected to be a contentious battle between Democrats and Republicans through the rest of the year as they seek to avoid the so-called "taxmageddon" -- the sudden increase in taxes on all Americans that will occur if Congress doesn't vote to...

President Barack Obama will call on Monday for a one-year extension of Bush-era tax cuts for families earning less than $250,000 a year, according to a White House official, seeking to spare the economy the impact of taxes going up on January 1. Obama, a Democrat, will make the request in a statement at the White House, said the official, who spoke on condition of anonymity. Republicans in Congress, however, are unlikely to be swayed, as they have consistently argued that the Bush tax cuts should be extended for everyone.

The imminent failure of the congressional deficit “supercommittee,” which had a chance to settle the nation’s tax policy for the next decade, would thrust the much-contested Bush tax cuts into the forefront of next year’s presidential campaign. Those tax changes have repeatedly provoked fiery partisan debate since they were enacted during President George W. Bush’s first term. Now, with the cuts due to expire at the end of 2012 and their fate left unresolved by the supercommittee, both parties are already positioning themselves to exploit the issue for maximum electoral advantage. President Obama, who campaigned on repealing the breaks for...

Washington Congressmen Jim McDermott (D-WA) and Jay Inslee (D-WA) do not want Speaker Pelosi to bring the tax rate compromise bill to the floor of the House for a vote. In short, the two Washington liberals want taxes raised on everyone because they object to upper income earners - the very earners who invest and start business that hire Washington workers - keeping some of their own money. Fox News reports the two members are working on a letter with Peter DeFazio (D-OR) to present to the House Democratic Caucus. The letter reportedly asks Pelosi to not bring the measure...