Senate Republicans splitting with House over taxes?
Senate Republican aides said Friday that Senator Mitch McConnell of Kentucky, the Republican leader, sounded out his Senate Republican colleagues Thursday on a plan to extend the expiring tax cuts for incomes under $250,000, while attaching some Republican priorities like low tax rates on capital gains, dividends and inherited estates.
Leadership aides emphasized that Mr. McConnell was not advocating any specific plan, nor was he saying that extending the middle-class tax cuts was the only option to resolve a potential fiscal crisis next month when hundreds of billions of dollars in tax increases and automatic spending cuts are scheduled to kick in…
[W]ith time running out, the worst case is nearly here. Besides Mr. Cornyn and Mr. Burr, several other Republican senators — Tom Coburn of Oklahoma, Olympia J. Snowe of Maine, Lisa Murkowski of Alaska and Bob Corker of Tennessee — have called for passing an extension of the middle-class rates now.
Blowback
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idiots– he’s been trying to uncouple the Bush rates for below 250K and above for years and got outflanked each time, but now he’s just riding out the clock and they panic and fall right into his trap with ZERO to show for it
thurman on December 14, 2012 at 11:16 PM
Raise taxes on the poor.
Mormontheman on December 14, 2012 at 11:21 PM
Well, it only makes sense that everyone who makes something should pay some amount. Especially if one wants to encourage them to not make a lifelong habit of being “on the dole”, and my sainted mother used to say.
I found with children, that if they get it “for free”, then they are wasteful with what they get, and the expect it to continue. If they have to put forth some effort, say, like working for it, then they are a bit more careful of where the $$ goes.
IrishEyes on December 14, 2012 at 11:35 PM
Tax everyone the same percentage and government will shrink.
MechanicalBill on December 14, 2012 at 11:47 PM
It’s been just a notion I’ve had for a couple weeks now that the Repubics have already caved, but were dancing this Kabuki just to make it seem to us as if they’d fought so we’d be softened up enough to accept the betrayal.
Stories like this only confirm my suspicion. If the deal that the obama gets is anything noticeably different than his initial demands, I’ll be stunned.
sartana on December 15, 2012 at 3:40 AM
The GOP will…
True_King on December 15, 2012 at 9:33 AM
salute you? hoodwink you? please you? crucify you?
tommy71 on December 15, 2012 at 9:57 AM