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Mon Dec 3, 2012, 03:21 PM

Republicans considering voting "present" on tax cuts for middle class

This discussion thread was locked as off-topic by muriel_volestrangler (a host of the Latest Breaking News forum).

Source: ABC News

Republicans are seriously considering a Doomsday Plan if fiscal cliff talks collapse entirely. It’s quite simple: House Republicans would allow a vote on extending the Bush middle class tax cuts (the bill passed in August by the Senate) and offer the President nothing more: no extension of the debt ceiling, nothing on unemployment, nothing on closing loopholes. Congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling.

Two senior Republican elected officials tell me this doomsday plan is becoming the most likely scenario. A top GOP House leadership aide confirms the plan is under consideration, but says Speaker Boehner has made no decision on whether to pursue it.
Under one variation of this Doomsday Plan, House Republicans would allow a vote on extending only the middle class tax cuts and Republicans, to express disapproval at the failure to extend all tax cuts, would vote “present” on the bill, allowing it to pass entirely on Democratic votes.

By doing this, Republicans avoid taking blame for tax increases on 98 percent of income tax payers. As one senior Republican in Congress told me, “You don’t take a hostage you aren’t willing to shoot.” Republicans aren’t willing to kill the middle class tax cuts, even if extending them alone will make it harder to later extend tax cuts on the wealthy.


Read more: http://abcnews.go.com/blogs/politics/2012/12/republican-doomsday-plan-cave-on-taxes-vote-present/



I am a little confused about the sequester. I know the tax rates will automatically go up if Congress takes no action. Will capital gains, dividend tax rates, or the estate tax also go up?

I know the estate tax cut was part of the 2010 deal but I wasn't sure if those cuts were for 2 years or permanent. Do they expire now?

What about the 2003 Bush tax cut on dividends? Doesn't that also expire?

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Replies to this discussion thread
Arrow 8 replies Author Time Post
Reply Republicans considering voting "present" on tax cuts for middle class (Original post)
democrattotheend Dec 2012 OP
bunnies Dec 2012 #1
Liberal_Stalwart71 Dec 2012 #2
democrattotheend Dec 2012 #3
Liberal_Stalwart71 Dec 2012 #6
Dawgs Dec 2012 #4
grahamhgreen Dec 2012 #7
Blue Idaho Dec 2012 #5
muriel_volestrangler Dec 2012 #8

Response to democrattotheend (Original post)

Mon Dec 3, 2012, 03:29 PM

1. It must be so embarrassing to be a republican right now.

They're nothing but an increasingly impotent gaggle of spineless gasbags.

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Response to democrattotheend (Original post)

Mon Dec 3, 2012, 03:31 PM

2. That doesn't make sense because Democrats could brag about how they saved middle class

tax cuts and also kept the Republicans from extending tax cuts for the wealthy. How does that help the Republicans? Makes no sense.

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Response to Liberal_Stalwart71 (Reply #2)

Mon Dec 3, 2012, 03:40 PM

3. Good point

I would think if they are going to cave, they would be better off voting for the middle class tax cuts.

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Response to democrattotheend (Reply #3)

Mon Dec 3, 2012, 03:45 PM

6. Especially for those vulnerable Republicans in marginal districts.

Now I understand that due to redistricting, marginal districts may be fewer in number, but still...

For those Republicans who have to run against strong Democrats, wouldn't they want to be able to brag that they saved the middle class tax cuts?

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Response to Liberal_Stalwart71 (Reply #2)

Mon Dec 3, 2012, 03:40 PM

4. Yep. Maybe that's why they're Republicans. n/t

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Response to Liberal_Stalwart71 (Reply #2)

Mon Dec 3, 2012, 03:45 PM

7. It will be great for us!

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Response to democrattotheend (Original post)

Mon Dec 3, 2012, 03:41 PM

5. Escape Blame? No they won't...

It is exactly this sort of bullshit inside the beltway nonsense that middle class Americans are sick and tired of. These old farts think they can pull the wool over the eyes of their constituents but those days are long gone. Everyone knows exactly what a "present" vote means. It means the republican party is full with spineless fat cats more interested in holding onto their personal power than doing the peoples work.

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Response to democrattotheend (Original post)

Mon Dec 3, 2012, 04:53 PM

8. Locking - duplicate thread

of http://www.democraticunderground.com/1014324586 . Please continue discussion there. Thanks.

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