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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Monday, September 13, 2010

Boehner of our existence

Is John Boehner about to be excommunicated from the Republican Party?

The lobbyists' best friend signaled he would be willing, gasp, to compromise with the Obama administration and agree to higher taxes on his pals on Wall Street if that's what it takes to extend the Bush tax cuts for families earning $250,000 or less.

Boehner's "concession" would mean an additional $700 billion for the Treasury, about the cost of the $787 billion stimulus program that Republicans now label as the biggest reason for the nation's whopping deficit.

Funny how Tea Party types railing about the "socialist" Obama never mention how their friends in the Republican Party created most of the mess by turning a surplus into a yawning chasm as a result of almost $2.5 trillion in tax cuts (PDF), with 52.5 percent of the benefits going to the richest 5 percent of taxpayers in the course of the decade now ending.

In contrast, health care reform will cost approximately $1 trillion in the coming decade, with benefits aimed largely at the other 95 percent.

Nonetheless, Boehner's apparent willingness to compromise is likely to have repercussions in the diehard crowd who put Republican political success ahead of the national interest. And what will it do to his own campaign coffers as his soon-to-be-"impoverished" friends are forced to cut back?

Stay tuned.

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2 Comments:

Anonymous wellbasically said...

By getting Obama to agree to the sub $250K tax cut Boehner takes the deficit off the table and sets the stage for more tax cuts.

September 13, 2010 11:28 AM  
Anonymous Anonymous said...

Well maybe now I can get something, everyone else has their handouts. My house in Mass and Fla are both paid for, so I didn't get mortgage help. My car was too new so no Cash for Clunkers. Appliances too new. But this weekend when I pulled my Glastron out of the water, it's starting to look old. Maybe there is a "Bucks for Boats" in my future. I promise I'll but American also.

September 13, 2010 12:10 PM  

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