Mitch McConnell to Boehner: Not so Fast, Senate Republicans Will Block Tax Cuts, if Rich Left Out
September 13, 2010
(ChattahBox Political News)—Yesterday, House Minority Leader Rep. John Boehner (R-OH) suggested he would be willing to back down from his Party’s insistence on the extension of the Bush tax cuts for the wealthiest Americans. Boehner, said he would vote to extend the tax cuts to the middle class if it is “the only option.” The inside the Beltway narrative, became Boehner “blinked.” Later, his office released a statement railing against the idea of “Raising taxes on any American.” The narrative then changed to Boehner may have “walked back” his original statements. Before it all had a chance to percolate, Sen. Mitch McConnell (R-KY) threw cold water on Boehner’s olive branch to Democrats, announcing every member of the Republican caucus was prepared to filibuster a motion to extend tax cuts for the middle class, if the wealthiest Americas were left out. So, there!
The tax cut political theater, played out on the first day Congress was back in session. Democratic lawmakers are preparing for a pre-election showdown, as the Bush tax cuts are due to expire in January. The battle is a classic display of the competing philosophies between Democrats and Republicans–tax cuts for the rich vs. tax cuts for the middle class and the poor. And the Democrats are planning to force Republicans to vote against the middle class, while the GOP keeps insisting the wealthiest two percent of Americans deserve a tax break, just because.
Continuing the Bush tax cuts for the rich would add $700 billion to the deficit, but Republicans wrongly claim the tax cuts would pay for themselves, because the wealth would trickle down to the masses creating jobs. But economists note that the wealthy save money from tax savings, providing little or none, stimulus to the economy.
Are Boehner and McConnell playing a game of good cop, bad cop? Boehner waves the white flag, looking reasonable, while McConnell steps in to throw the hammer down? Whatever they are up to, you can expect much more political theater, as a vote nears to extend the middle class tax cuts.