<http://scottystarnes.wordpress.com/author/scottystarnes/> Democrats Put Off Showdown on Bush Cuts Until After November Election<http://scottystarnes.wordpress.com/2010/09/24/democrats-put-off-showdown-on-bush-cuts-until-after-november-election/> *Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>*| September 24, 2010 at 5:00 AM | Tags: Barack Obama <http://scottystarnes.wordpress.com/tag/barack-obama/>, Bush tax cuts<http://scottystarnes.wordpress.com/tag/bush-tax-cuts/>, Democrats <http://scottystarnes.wordpress.com/tag/democrats/>, Dick Durbin<http://scottystarnes.wordpress.com/tag/dick-durbin/>, middle class tax cuts<http://scottystarnes.wordpress.com/tag/middle-class-tax-cuts/>, midterm elections<http://scottystarnes.wordpress.com/tag/midterm-elections/>, November <http://scottystarnes.wordpress.com/tag/november/>, Obama<http://scottystarnes.wordpress.com/tag/obama/>, President Obama <http://scottystarnes.wordpress.com/tag/president-obama/> | Categories: Uncategorized<http://scottystarnes.wordpress.com/category/uncategorized/>| URL: http://wp.me/pvnFC-2Ot
Looks like the Democrats want to wait until after the election to continue their class warfare with the Bush tax cuts. Democrats want to tax the wealthy (anyone who makes over $250,000) while allowing the poor and middle class to keep their Bush tax cuts. By the way, Democrats belive Americans are so stupid, they are calling the Bush tax cuts "Obama's middle class tax cuts. Now the Dems are tucking tail and wanting to wait until after the midterm elections to debate the Bust tax cut extension. The Wall Street Journal <http://online.wsj.com/article/SB10001424052748703384204575509793142421332.html?mod=WSJ_hpp_LEFTWhatsNewsCollection> reports: Democrats abandoned plans to vote before Election Day on extending Bush-era tax cuts for the middle class while eliminating them for better-off Americans, spooked by protests from vulnerable incumbents and bleak prospects for passage. With time running out to plan for 2011, the delay raises uncertainty for small businesses and individual taxpayers over their future liabilities. It also sets up a titanic battle over taxes after the election. If returning lawmakers don't pass legislation by Dec. 31, the expiration date of the cuts, tax rates would rise not only on income, but also on estates, capital gains and dividends. Important corporate tax credits and relief from the Alternative Minimum Tax also are up for renewal. Democratic leaders and President Barack Obama made the proposal to extend the middle-class tax breaks a centerpiece of their midterm campaign strategy. They now face the possibility their members are vulnerable to Republican charges that they have failed to prevent taxes from rising for almost everyone. Congressmen from both parties said the toxic politics of taxes and the crush of issues to be resolved increased the likelihood all the Bush-era breaks, including those for higher earners, would be extended at least for a year or two. But Mr. Obama could still veto such a bill. For now, taxpayers confront a number of worrisome scenarios, including the possibility Congress might deadlock on the issue in the post-election "lame duck" session, resulting in across-the-board tax increases. With taxes a hot-button issue on the campaign trail, lawmakers threw in the towel Thursday until after the elections. Sen. Richard Durbin, the No. 2 Senate Democrat, said, "The reality is, we are not going to pass what needs to be passed to change this, either in the Senate or in the House, before the election." Continue reading>>><http://online.wsj.com/article/SB10001424052748703384204575509793142421332.html?mod=WSJ_hpp_LEFTWhatsNewsCollection> Add a comment to this post<http://scottystarnes.wordpress.com/2010/09/24/democrats-put-off-showdown-on-bush-cuts-until-after-november-election/#respond> <http://feeds.wordpress.com/1.0/gocomments/scottystarnes.wordpress.com/10817/> <http://feeds.wordpress.com/1.0/godelicious/scottystarnes.wordpress.com/10817/> <http://feeds.wordpress.com/1.0/gofacebook/scottystarnes.wordpress.com/10817/> <http://feeds.wordpress.com/1.0/gotwitter/scottystarnes.wordpress.com/10817/> <http://feeds.wordpress.com/1.0/gostumble/scottystarnes.wordpress.com/10817/> <http://feeds.wordpress.com/1.0/godigg/scottystarnes.wordpress.com/10817/> <http://feeds.wordpress.com/1.0/goreddit/scottystarnes.wordpress.com/10817/> [image: WordPress] WordPress.com <http://wordpress.com/> | Thanks for flying with WordPress! Manage Subscriptions<http://subscribe.wordpress.com/?key=5d39acfd19218362d540a3fc3dc3315d&email=baconlard%40gmail.com>| Unsubscribe<http://subscribe.wordpress.com/?key=5d39acfd19218362d540a3fc3dc3315d&email=baconlard%40gmail.com&b=u%5DtBfhxII4WN%3D.rgF%5DLyUp22ZN%5BL3%7EvD%5DOrakwMsb>| Publish text, photos, music, and videos by email using our Post by Email <http://support.wordpress.com/post-by-email/> feature. *Trouble clicking? Copy and paste this URL into your browser:* http://subscribe.wordpress.com -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
