You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #2: The Bush tax cuts expired by their own terms, in December 2010. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » General Discussion Donate to DU
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-09-12 06:23 AM
Response to Original message
2. The Bush tax cuts expired by their own terms, in December 2010.
Edited on Mon Jul-09-12 06:34 AM by No Elephants
They were written that way ten years earlier, so it was no surprise to anyone. (Neither was the impending death of Senator Kennedy.)

Obama campaigned on ending the Bush tax cuts (thereby making not Joe the not plumber famous).

A tax law repealing the Bush tax cuts--or at least specifying what would happen when they expired--at any time between January 2009 and January 2011. However, nothing was done until after mid-terms November, 2010 And then, Obama negotiated directly with Mitch McConnell to extend the tax cuts, supposedly in exchange for ONE extension of unemployment benefits.

Funny thing was, though, this took place in December 2011, when the Democrats still controlled both houses of Congress.

Moreover, both tax cuts and umemployment benefits, being budget items, could have been addressed by reconcilation, which would have required only 50 Senators and Biden. Yet, Obama still bypassed the Senatore and made a very unusual compromise with Mitch McConnell while Democrats still controlled Congress.

We were never given a satisfactory explanation for that.

So now, Republicans control the House and Obama is campaigning for President, blaming Republicans for everything connected with the economy. And, knowing full well there is no chance in hell they will compromise on eliminating the Obama tax cuts ONLY for the wealthy, Obama is once again campaigning on the same thing he campaigned on in 2008.

I gave him points for campaigning on this identical tax issue in 2008. Please forgive me if giving him points for campaigning on it this time is very difficult for me.

Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC