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Wednesday, July 18, 2012

Senate Democrats Propose Letting All Tax Cuts Expire - NY Times

Senate Democrats Propose Letting All Tax Cuts Expire - NY Times

 Senate Democrats — holding firm against extending tax cuts for the rich — are proposing a novel way to circumvent the Republican pledge not to vote for any tax increase: Allow all the tax cuts to expire Jan. 1, then vote on a tax cut for the middle class shortly thereafter.

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 They must think voters are not intelligent.  A passive aggressive tax increase is still a tax increase and Republicans are not going to go along with it.

The main problem the Democrats have on tax increases is they have no credibility on spending cuts.  Every time they have promised to reduce spending in exchange for tax increases  spending has gone up.  In Obama's case, he seems to view tax increases as an excuse for increased spending on his poorly performing investment portfolio of failed green energy projects and bailouts of union thugs who ripped off taxpayers with his GM and Chrysler deals.

What the Democrats are doing is giving voters another reason to vote against them this fall.  Voters would be wise to seize that opportunity.  It is the only way we can have meaning spending reform and deal honestly with the debt crisis.

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