Wednesday, January 16, 2008

Republicans to Hold Economic Stimulus Package Hostage

They want even more tax cuts for their already wealthy friends. Do these people know anything but tax cuts?
Speaker Nancy Pelosi met on Monday with the Federal Reserve chairman, Ben S. Bernanke, to discuss potential action by Congress, the White House and the central bank to jump-start the economy and try to shorten the slowdown that many economists say has already begun to take hold.

But even as Ms. Pelosi renewed a call by Democratic leaders for cooperation with President Bush and Republicans in Congress, lawmakers in both parties said that efforts to develop a short-term stimulus plan could easily fall prey to partisan disputes like whether to extend Mr. Bush’s tax cuts of 2001 and 2003, which expire after 2010.

The Democrats are insisting that Republicans not inject their desire to extend the tax cuts into negotiations of a short-term rescue package intended to dampen the impact of a recession. But in interviews, several Republican lawmakers said they could not imagine a debate not involving long-term tax policy.

"The planning for 2010 in a business sense is happening now," said Representative Dave Camp, Republican of Michigan. "So it isn’t too soon to talk about making permanent the Bush tax cuts."
The Bush tax cuts have led to the spiraling national debt and have done nothing to help the American Middle Class. Job creation has been awful during this President's administration and real wages have been down for seven years. The only people getting rich on this economy are those at the top who now earn 400 times the yearly income of their lowest wage earners and these fools want to mke that permanent.

Why don't we just stop taxing the rich altogether? The middle class will pay it all because we all know how much that extra money at the top will trickle down to us at the bottom. Shit also rolls downhill but I can't see any benefits to being shit on, but its what the Bush administration has done to the middle class for the past seven years.

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