Posted on 12/19/2010 3:07:51 PM PST by RobinMasters
McConnell on CNN State of the Union is asked by Crowley about Charles Krauthammer saying 'If Obama wins reelection, his comeback point will be the Great Tax Cut Deal of 2010' McConnel responds: "I think Charles Krauthammer is very smart but on this he's totally wrong"
(Excerpt) Read more at hapblog.com ...
One more thing Mitch, most Democrats knew the economy wasn’t going to recover without those Bush tax cuts for the rich.
You’ve been played for a fool, and the first sign will be when state run media starts to point out how bad screwing with the already stressed Social Security budget is. Then we’ll also find out what else is in there, after it’s too late...
Think of some of the initiatives undetaken.
Repealing don't ask, don't tell.
Having the Census Bureau report to the Oval office.
Really crazy things coming out of the Dept. of Homeland Security.
These are only a few of many. When these policies go bad, they'll simply lie and point the finger, which is their MO.
"Totally wrong" is "reticent"?
Let's hear from another source, shall we?
Cong. Tom McClintock's (R-CA) conservative bona fides are impeccable. And, in the floor debate about extending the Bush tax cuts, McClintock expresses the clearest thinking I've yet seen regarding the subject.
House Chamber, Washington, D.C. December 16, 2010.
M. Speaker: I commend the Senate for passing the tax relief measure yesterday, and I hope that the House passes it today. According to the CBO, this bill comprises $136 billion in additional spending and $721 billion in tax relief. That means fifteen percent of this bill is spending -- the other 85 percent is tax relief. It will mean:•No across the board increase in income tax rates next year.
•No AMT biting deeper into middle class families.
•A Death Tax that's a third less of what it would otherwise have been -- threatening far fewer family farms and family businesses with extinction.
If this relief fails, when the ball drops at Time Square on New Year's Eve, Americans will have just been walloped by a tax tsunami the likes of which we haven't seen since Smoot-Hawley. Families and small businesses will be spending the New Year struggling to pay thousands of dollars of new taxes.
A family making $50,000 will see at least $3,000 more taken from its paychecks. A small businessperson whose shop makes $300,000 will have to cut another $8,400 -- perhaps the difference between a part time and a full time job for an employee.
From the Left we're told that we should raise taxes on the very rich who make over $200,000 because they don't pay their fair share. According to the IRS, those folks earn 36 percent of all income; they pay 49 percent of all income taxes. A lot of them aren't people at all -- half of the income earned by small businesses will be hit by these tax increases. These are the job generators that we're depending upon to end the nightmare of unemployment for millions of American families.
To confiscate billions of dollars more from them and expect more jobs to come of it is simply insane.
Some of my fellow Conservatives object to the 15 percent of this bill that spends money we don't have. I agree. But that damage can be corrected through offsetting spending reductions next year. The new Republican House majority can do so without the Senate or the President -- simply by refusing to appropriate funds -- and it's committed to doing so.
But it cannot rescind the taxes next year without the Senate and the President, who have made their opposition to just such a clean bill abundantly clear. And even if such a retro-active bill could be passed by Spring, these families and businesses won't get their tax overpayments refunded to them until they file their returns a year later. Massive tax increases under Hoover turned the recession of 1929 into the depression of the 1930's [sic]. Let that not be the epitaph of this Congress. [Emphasis added.]
Hard to argue with. Regardless of the politics, the country won. And the GOP was singularly responsible for that outcome. When we go through with this again two years from now -- guess which side the GOP will be on. Guess which side the President and the Democrat Congress will be on.
Guess who will win. Again.
Exactly. The Compromise was a sell out.
The Senate Republicans are so filled with RINO’s we may as well just give them a pass for this year.
Murcowski, Snowe, Collins, Burr, Bennett, Lugar, Hatch Cornyn,Voinovich,Scott Brown,Ensign.
I wouldnt trust a one of them with a Chicken Salad sandwich.
How long has it been since the GOP pursued a unique, non-socialist Federal reform agenda? I think Newt was the last time the GOP did anything.
Rinos do nothing but accept or reject socialist agenda items. Mitch is a leader of this void.
Mitch McConnell, Conryn, and Boehnner make the guy in the box at the wake look like the winner of “Dancing with the Stars”
These blue blood country club incompetent morons just don’t have the killer instinct.
They have been in DC too long, they don’t HATE the communists in Congress (they see them as colleagues), and are therefore incapable of defeating them.
I’m afraid not. The GOP made concessions that they didn’t have to make so that they could share credit with Obama. Of course the tax rates should not have been raised, but the other garbage should not have been tolerated.
You do realize, don't you, that it still is the lame duck Congress. The one with only 42 Republican Senators and a +76 seat majority Democrat House. Oh, and a Democrat President.
What makes you so sure that, without "the other garbage", the tax bill gets passed.
McClintock, who is as conservative as we are, and knows more about this issue than either of us, explained the situation quite clearly.
1. No UI extension (amounting to only 15% of the total) meant no tax bill. And there was no certainty that a GOP House could get a retroactive tax cut through both the Senate and the President next year. And, in any event, the benefit would come too late to impact the economy in 2011. The country and the economy desperately needed the tax extension so as not to fall off a cliff. It was best for the country that there be an extension now!
2. While the House will need both the Senate and the President to pass legislation next year, the House can -- by itself -- act to control spending. They got the tax bill now...they can start slashing spending next month.
Why take an unnecessary chance with such a delicate economy? Why risk losing even more jobs?
In my opinion, the GOP's actions were prudent and appropriate, under the circumstances -- with the best outcome for the country as a whole. Why play political games with that?
What makes you so sure that, without “the other garbage”, the tax bill gets passed.
It doesn’t need to pass before the next Congress. Once the new Congress is seated, the GOP has a stronger hand. Besides, do you really think the Dems would want to take the blame for the tax increase?
While the House will need both the Senate and the President to pass legislation next year, the House can — by itself — act to control spending. They got the tax bill now...they can start slashing spending next month.
True, but I’ve never seen spending get cut by a single penny.
Well, we ought to find out if they're serious over the next few months.
You’re right and I’ll be watching. I wish the GOP could learn how to play hardball.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.