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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 26, 2011

I'm agin it

Let me get this straight: the party that never saw a tax cut it didn't love opposes a plan to keep $1,500 in the pockets of working men and women? Must be because it goes to the job workers and not the "job creators."

The Party of No, which stands firmly against the Buffett Rule and for the Bush tax cuts protecting Americans earning more than $250,000 annually is opposed to tax relief for those earning less than $106,000 annually. The reason?:
“It’s going to add to the deficit, and it’s not going to create any jobs,’’ said Senator Orrin G. Hatch, a Utah Republican who as recently as last year worked with Senator Charles E. Schumer, Democrat of New York, on legislation that included a more modest payroll tax holiday aimed at employers. Hatch said his proposal was significantly different than Obama’s.
Um, the Bush tax cuts extended by Hatch and his crew (with Democratic submission) are going to add $5 trillion to the deficit that "didn't matter" when Ronald Reagan ran the show. The tab for the working person's tax cut? About $240 billion, with some real opportunities for business to be the GOP's treasured "job creators."

What's changed?
"Nothing, really,’’ said Richard K. Kaplan, a tax law professor at the University of Illinois. What has changed, he said, is a Congress that is more polarized and vituperative, with an upcoming election prompting Republicans to oppose any proposal that might boost Obama. ‘There are certain things we all agree on, Democrats and Republicans.’ “It’s not much more sophisticated than ‘I’m against it, because he’s for it,’ ’’ Kaplan said.
So if you withholding taxes go up on Jan. 1, remember it's the anti-tax Republican Party that's behind the tax increase.
“If the last 2 1/2 years have taught us anything, it’s that the conservatives in Congress are absolutely willing to go back on positions they’ve long held if the president decides to embrace those positions,’’ said Michael Linden, director for tax and budget policy at the Center for American Progress, a Washington think tank closely aligned with the White House.
And you can take that to the bank. You know, the ones that Republicans think are over-regulated.

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1 Comments:

Anonymous Anonymous said...

Let me get this straight. The republicans in the house want to extend the payroll tax cut for a full year, while the democcrats in the senate say no just 2 months, and you are going after republicans. Do the math The tax savings mean 20 bucks a week to a worker. Republican plan = 1040 dollars to each worker. Democrat plan = 160 dollars each. Now tell me again who has who's interest at heart

January 08, 2012 8:24 AM  

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