{"id":19815,"date":"2010-07-22T07:51:40","date_gmt":"2010-07-22T11:51:40","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=19815"},"modified":"2010-07-22T07:51:40","modified_gmt":"2010-07-22T11:51:40","slug":"bush-tax-cuts-haunt-democrats","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=19815","title":{"rendered":"Bush tax cuts haunt Democrats"},"content":{"rendered":"

According to the Wall Street Journal <\/a>this morning, the issue of the Bush tax cuts, which expire New year’s Eve, are beginning to divide Democrats. Two more Democrat Senators defected to the side of Republicans seeking to extend the tax cuts at least for taxpayers making less than $250,000\/year.<\/p>\n

Sen. Kent Conrad (D., N.D.) said in an interview Wednesday that Congress shouldn’t allow taxes on the wealthy to rise until the economy is on a sounder footing.<\/p>\n

Sen. Ben Nelson (D., Neb.) said through a spokesman that he also supported extending all the expiring tax cuts for now, adding that he wanted to offset the impact on federal deficits as much as possible.<\/p>\n

They are the second and third Senate Democrats to come out publicly in recent days in favor of extending all the tax breaks for the time being. Sen. Evan Bayh (D., Ind.) made similar comments last week.<\/p><\/blockquote>\n

Yeah, well, I’ll believe it when I see my pay stub in January. it’s not that I don’t believe Bayh, Nelson and Conrad, it’s just that I don’t believe Harry Reid will ever admit that he was wrong about the Bush tax cuts.<\/p>\n

Here are the current tax rates for a single person;<\/p>\n

\"\"<\/a><\/p>\n

And here are the 2000 rates to which your tax rate will return after December;<\/p>\n

\"\"<\/a><\/p>\n

Allowing the tax cuts to expire also reduces the $1000\/child tax credit to $500, and brings back the marriage penalty. Do Democrats really want to face that discussion in the Fall?<\/p>\n

In addition to Messrs. Conrad, Nelson and Bayh, at least half a dozen House Democrats also have come out publicly in favor of postponing tax increases for higher earners.<\/p>\n

“We’re not creating jobs, and raising taxes now would not be a great idea,” Rep. Michael McMahon, a New York Democrat, said this week.<\/p><\/blockquote>\n

Democrats aren’t known for recognizing ideas that are not great. I’d rather see the tax cuts extended than to see Republicans running the Congress – I think that’s what’s best for the country. <\/p>\n","protected":false},"excerpt":{"rendered":"

According to the Wall Street Journal this morning, the issue of the Bush tax cuts, which … Bush tax cuts haunt Democrats<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46,89,11],"tags":[],"class_list":["post-19815","post","type-post","status-publish","format-standard","hentry","category-barack-obama","category-congress-sucks","category-economy"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/19815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19815"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/19815\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}