Democrats Destroying Tax Compromise
Republicans Need To Hold Their Ground
Someone needs to explain to Nancy Pelosi and Harry Reid that the Democrats had their collective clock got cleaned in the November 2nd elections. They learned nothing from the elections and are doing business as usual on the Hill. They are doing all they can to destroy the compromise that Barack Obama and the Republicans worked out.
Joe Biden reportedly told House Democrats that the tax deal cut with Republicans was a “take it or leave it” proposition that could not be changed. Sounds like what the Democrats have told America and the Republicans for the last two years. This hasn’t stopped Harry Reid from his usual corruption. Reid is adding all kinds of pork to the bill.
Reid has added cash subsidies for wind and solar corporations that were originally part of Obama’s first failed stimulus. And Senator Tom Harkin (D–IA) was also able to trade his vote for more ethanol subsidies. Other “sweeteners” added to buy leftist Senate votes include subsidies for energy-efficient appliances and mass-transit benefits for employees.
The deal originally cut by Obama and the Republicans had a lot of harmful provisions and Reid has added more. The temporary two-year nature of the tax rate did not provide the long-term certainty that businesses need to make long-term investment plans that create substantial economic growth and jobs. Allowing the death tax to return, even at a lower rate, did not give small businesses the relief that a permanent repeal would provide.
Finally, the original deal provided a costly $57 billion 13-month extension of unemployment benefits that was not paid for. This extraneous spending should have been stripped out of what should be a clean tax bill; instead, the left is only adding more spending and subsidies into it.
The Republicans need to hold their ground. The compromise is bad without the Reid additions of pure pork. Really the Republicans should demand a straight up or down on the tax issue. Let the Democrats vote for a tax increase two weeks before Christmas. Let the Democrats show their true colors and what they really think about hard working Americans.
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