{"id":23233,"date":"2010-12-01T11:01:23","date_gmt":"2010-12-01T18:01:23","guid":{"rendered":"http:\/\/proteinwisdom.com\/?p=23233"},"modified":"2010-12-01T11:01:23","modified_gmt":"2010-12-01T18:01:23","slug":"obama-gop-negotiating-deal-on-bush-era-tax-cuts","status":"publish","type":"post","link":"https:\/\/proteinwisdom.com\/?p=23233","title":{"rendered":"“Obama, GOP negotiating deal on Bush-era tax cuts”"},"content":{"rendered":"

Susan Ferrechio, Washington Examiner<\/a>:<\/p>\n

The Obama administration is sending in high-ranking mediators in hopes of ending its stalemate with congressional Republicans over extending the Bush-era tax cuts.<\/p>\n

Treasury Secretary Tim Geithner and Office of Management and Budget Director Jack Lew will meet with four lawmakers — two each from the House and Senate, Republicans and Democrats — with the aim of striking a deal on how to extend tax cuts that are set to expire for all income levels on Dec. 31.<\/p>\n

The negotiations were proposed in a morning meeting between President Obama and Republican and Democratic lawmakers to discuss the agenda of the lame-duck session.<\/p>\n

“The president did suggest that to unlock the tax disagreement that we have the secretary of the Treasury and the director of the Office of Management and Budget sit down with four of our members, from each caucus, on the Hill, to begin discussions,” House Speaker-elect John Boehner, R-Ohio, said after the meeting.<\/p>\n

The disagreement between the two parties over who should continue to get a tax cut has turned into a high-stakes game of chicken, with neither side willing to budge. Most Democrats want the current tax cuts extended to individuals earning less than $200,000 or couples making less than $250,000. Republicans are insisting the cuts be extended to everyone, saying it would help revive the fragile economy.<\/p>\n

Senate Majority Leader Harry Reid, D-Nev., said that if the new round of negotiations fails to produce an agreement, he will introduce a bill that would extend tax cuts only to the lower-income taxpayers.<\/p>\n

“The number one goal that I have, I think everyone in our caucus has, and I know the president has is to protect the middle class,” Reid said.<\/p><\/blockquote>\n

Several things: first, a family making $250K a year is not rich. Bill Gates is rich. Senate Democrats are rich. Warren Buffet is rich. A family making $250K a year? Not so much. Second, these are not “tax cuts” we’re talking about. Obama and his pals want to RAISE TAXES on a percentage of US citizens, many of them small business owners. That want to RAISE TAXES during a recession, when the unemployment rate is closing in on 10% — and the effective rate closing in on 18%. They are committed to the kind of class warfare that Americans overwhelmingly reject.<\/p>\n

Call them on it. <\/p>\n

There should be no compromise.<\/em> And certainly no quid pro quo. If the Democrats want to raise taxes and kill more jobs, let them own it. What you CAN’T let them do is redefine down the “middle class” each time they want to raise new “revenue” [CODE WORD ALERT!] for themselves, so that they can redistribute that revenue to their clients and preferred partners.<\/p>\n

We’re coming off an historic election. The message was clear. The DREAM Act must be killed. Cap and Trade must be killed. ObamaCare must be killed. And there should be no tax hikes on that portion of the population that creates jobs.<\/p>\n

So far, we’ve watched as you failed to get an earmark ban; and you’ve helped the Democrats expand the power of the FDA and the bureaucratic state [and even if fails<\/a>, it’s the thought that counts] — with no proximate need.<\/p>\n

This is your last chance. Set the tone now<\/em>, or you’re going to have us looking elsewhere but quick. Hearing about your “good meetings” with a “Good Man” is, well, unhelpful.<\/i> <\/p>\n

You represent an angry group of Americans. Act like it.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Susan Ferrechio, Washington Examiner: The Obama administration is sending in high-ranking mediators in hopes of ending its stalemate with congressional Republicans over extending the Bush-era tax cuts. Treasury Secretary Tim Geithner and Office of Management and Budget Director Jack Lew will meet with four lawmakers — two each from the House and Senate, Republicans and Democrats — with the aim of striking a deal on how to extend tax cuts<\/p>\n

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