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WI_DEM

(33,497 posts)
Fri May 25, 2012, 03:56 PM May 2012

GOP House going to vote on extending the Bush Tax Cut in July

(this is a fight for public opinion that the Dems can win if they don't back down! or squabble among themselves):

Congress might not actually decide what to do about the Bush tax cut extensions before the November election, but they're going to have a prolonged fight about it. House leadership has set their calendar for the summer, and in between taking lots of weeks off, they'll take a July vote on extending the Bush tax cuts for everyone.
Democrats, on the other hand, are pushing to decouple the cuts for the middle class from the wealthy, though they're having some difficulty agreeing on the cut-off for middle class: $250,000 annually or $1 million.

For his part, President Obama has continued to set the threshold at $250,000, a level that makes sense both politically (unless you're Chuck Schumer and represent a lot of very wealthy New Yorkers) and fiscally. Republicans will insist that this is going to cripple small business (and don't forget that their definition of small business owners includes the owners of KKR, Koch Industries, CoorsTek, the Carlyle Group, Harrah's Entertainment and PriceWaterhouseCoopers).

http://www.dailykos.com/story/2012/05/25/1094773/-Congress-brings-Bush-tax-cut-showdown-to-fore-

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GOP House going to vote on extending the Bush Tax Cut in July (Original Post) WI_DEM May 2012 OP
don't forget also that the definition of "small business" will likely include zbdent May 2012 #1

zbdent

(35,392 posts)
1. don't forget also that the definition of "small business" will likely include
Fri May 25, 2012, 03:58 PM
May 2012

the billion-dollar-profiting Oil Industry ...

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