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Top Democrat: We won't budge on Bush-era tax cuts

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-17-12 02:04 AM
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Top Democrat: We won't budge on Bush-era tax cuts
A couple of nitpicks about the headline: Obama is the top Democrat, not Murray. Murray is not even the top Democratic Senator. And December 2010 was not the Bush era.

Passing the bad headline writing: From Murray's mouth to God's ears.

(CBS News) With Congress preparing to tackle a series of controversial tax and budget issues this fall, Democrat Sen. Patty Murray is warning Republicans that Democrats are not planning to stand down in the ongoing battle over extending Bush-era tax cuts for the wealthy.

Murray, speaking to the Brookings Institute Monday, warned Republicans that she and others in her party are prepared to let tax cuts for all Americans expire if Republicans don't work with them on a deal to end Bush-era tax cuts for wealthy Americans.

"We don't want to increase revenue for the sake of increasing revenue. Of course not. But as a nation, we need to pay for the services and programs the American people want. We need to rein in the deficit and debt--and we need to do that in a responsible way," said Murray, the chair of the Democratic Senatorial Campaign Committee.

"Unlike last year, the consequences of gridlock could start to be felt immediately. Millions of jobs could be lost through the automatic cuts, programs families depend on would be slashed irresponsibly across the board, and middle class tax cuts would expire," she continued. "And once again, if Republicans won't work with us on a balanced approach, we are not going to get a deal."

P.S. I sure hope she does not mean that Demorats are about to compromise by allowing tax cuts to expire only for those making over a million per year. Those are not merely "millionaires," as Republicans claim. These are multi-millionaires and billionaires.

If you earned a million a year for as few as two or three consecutive years and you are not a multi millionaire, shame on you and your investment advisor.
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