Thom Hartmann: Read my lips: ''no more tax breaks''

[thomhartmann]

Run time: 07:36 https://www.youtube.com/watch?v=8P-zKZU28bc   Posted on YouTube: June 14, 2011 By YouTube Member: TheBigPictureRT Views on YouTube: 36   Posted on DU: June 14, 2011 By DU Member: thomhartmann Views on DU: 507

 
Thom talks to Congressman Earl Blumenauer(D-OR, 3rd district). Since Republicans
in the House are refusing to vote for a clean bill to raise the debt ceiling -
some Democrats are offering up their own list of demands on a debt ceiling
increase and budget for next year. Led by Congressman Earl Blumenauer from
Oregon - a group of Democrats penned a letter to the White House last week
calling for any debt-ceiling deals to include an expiration of the Bush tax cuts
for millionaires and billionaires. The letter points out that ending the Bush
tax cuts will “stop the growth of the deficit over the next decade.” On the
other hand - the enormous spending cuts that Republicans are pushing for will -
as the letter also notes - “risk plunging our economy into a double-dip
recession that will cost further jobs and ultimately worsen our fiscal
situation.”

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