The Nacilbupera Guzzle

Whoever examines with attention the history of the dearths and famines … will find, I believe, that a dearth never has arisen from any combination among the inland dealers in corn, nor from any other cause but a real scarcity, occasioned sometimes perhaps, and in some particular places, by the waste of war, but in by far the greatest number of cases by the fault of the seasons; and that a famine has never arisen from any other cause but the violence of government attempting, by improper means, to remedy the inconveniences of a dearth. (Adam Smith, The Wealth of Nations IV.5.44)

Monday, December 6, 2010

Hatch, GOP, Sell Out on Up-Or-Down Vote to Extend Bush Tax Cuts

A mildly bipartisan majority of both houses of Congress are ready to vote an extension of all of the so-called Bush era taxes set to expire at year's end. Speaker Pelosi and Leader Reid have had the past 4 years in their total control of Congress to get their act together on this. Instead, they close to emphasize healthcare reform and financial regulation to the dismay of We the People. Pelosi in particular punted on trying to resolve the issue before the November elections with Utah's Jim Matheson casting the decisive vote to adjourn rather than to address the issue.

Now at this eleventh hour of the expiration and on the verge of a dramatically more fiscally-responsible Congress about to be sworn in in January, Democrats want to deal. Note that the desire for a deal comes after last week's class-warfare rejection votes to only extend tax cuts for the middle class. Yet still we haven't had an up-or-down straight vote on extending the tax cuts.

And with Pelosi and Reid controlling congress, we probably won't get one. Fine. Let the Democrats show We the People that they are willing to raise taxes on everyone in a recession rather than cut taxes for everyone. In January, we will get the GOP back in control of the House and will get the tax cuts extended retroactively. The GOP will win twice, both in December as the Dems let the tax cuts expire and in January when they save everyone from those hikes.

But what some--including Sen. Orrin Hatch--want to do is to cut a deal to extend unemployment benefits to get the tax cuts to remain in place 2 more years. Huh? What? Why? Unemployment has been extended already to a record 99 weeks and we want to extend it longer? NO WAY! If you've been unemployed 99 weeks you probably aren't doing what you need to do to find a job. Either you need to move, improve or update your skills, or lower your wage expectations. Michelle Malkin points to the tremendous burden on business these record-long UI extensions are having. Folks, 99 weeks is WAY beyond a "safety net" it IS redistribution of property, a dole, socialism, welfare, or whatever name you prefer.

The GOP should not be negotiating from weakness when in a month their numbers go up and they can negotiate from strength without having to add yet another entitlement program to the deficit. They should have an up-or-down vote on extending all the Bush-era tax cuts or no vote at all. What Congress has yet to understand is we want votes simple, one-topic bills not quagmired compromises.


rmwarnick said...

Both houses of Congress have rejected a new round of bonus tax cuts for the top 2 percent. Yet President Obama wants to give the Republicans their budget-busting gift anyway (he calls it their "Holy Grail").

If Republicans want to get tough, then Dems should get tough too. Let all the Bush tax cuts expire on schedule, as originally planned. It's the best outcome in terms of both policy and politics.

RD said...

Average middle class tax cut equals around $600 per year spread out through out each year, that is $12.50 per week.

For this pittance we will have to lop $4 trillion dollars onto the deficit, and hand every millionaire an average of $88,000 deficit obtained dollars, and hand every billionaire $8,500,000 deficit obtained dollars.

You know Uncle Sam can keep his $12.50 a week pittance, a balanced budget, unemployment insurance, and jobs are more important then pittance they propose to give us.