Legal Commentary

When Deficts Don't Matter: GOP Insists On Tax Cuts For The Wealthy

By Big Tent Democrat

HuffPo:

"If what it takes to prevent a tax hike is to start with two years, if that's what it takes to talk Democrats out of raising taxes, that would be a good start," said Don Stewart, [GOP Leader Sen. Mitch] McConnell's communications director. "But we're not for raising taxes in two years.The most important thing is to prevent a tax hike in the middle of a recession," Stewart added. "This should be done for as long as possible, but a 2-year freeze at the current rate, if that's what it takes to prevent a Democrat tax hike, would certainly be preferable to an immediate tax hike on every taxpaying American."

Cutting taxes for the wealthy as proposed by the Republicans would cost $700 billion over 10 years. See when deficits don't matter? When it involves tax cuts for the wealthy. Where's Pete Peterson on this?

Also, if Republicans want to cut taxes for 98% of Americans, they can support the Obama tax cuts for the middle class. They don't. They only care about tax cuts for the wealthy.

Speaking for me only

Full post as published by TalkLeft on September 08, 2010 (boomark / email).