Legal Commentary

GOP Rolls Out Tax Cuts For The Rich Proposal

By Big Tent Democrat

THE DEFICIT!

Senate Republicans are rolling out a plan to permanently extend an array of expiring tax breaks that would deprive the Treasury of more than $4 trillion over the next decade, nearly doubling projected deficits over that period unless dramatic spending cuts are made. The measure, introduced by Senate Minority Leader Mitch McConnell (R-Ky.) this week, would permanently extend the George W. Bush-era income tax cuts [. . .] rein in the alternative minimum tax and limit the estate tax to estates worth more than $5 million for individuals or $10 million for couples.

Dems can not duck a vote on this issue, and of course, there is no reason to want to. But politically stupid is the defining phrase for Democrats. In any event, the issue will not go away. So it is time to put the Obama middle class tax cuts to a vote. In BOTH houses of Congress.

Speaking for me only

Full post as published by TalkLeft on September 15, 2010 (boomark / email).