Here is why, in an up-or-down vote, I want Heath Shuler, Kay Hagan and Richard Burr to vote against what the President is trying to pass off as a bi-partisan “compromise” tax bill: it isn’t a compromise; it’s a capitulation. My ‘problem’ with Obama was that I wasn’t sure that he had the chops for the office, and none of my misgivings have been put to rest.
Clearly, spending needs to be closely examined and, perhaps, some reorganization and streamlining of the Executive Branch needs to happen, regardless of whether or not this bill passes. In these circumstances, continuing the Bush tax cuts is a highly questionable call anyway, and continuing tax relief to the wealthiest among us is simple pandering. Deliberately under-funding the Social Security Trust Fund, which has nothing to do with either the General Fund or deficit reduction is pure damn wicked.
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I understand ideological differences of opinion, but holding the least well-off among us hostage to maintain the living standard of the wealthiest among us is wrong and cowardly. (What is the difference in standard-of-living between $10 Million and $8 Million?) There’s no ideological point being made here, only a lack of courage and/or principles. Going back to the old tax rates wouldn’t be as painful as watching my government sink to this level.
I agree completely and feel a lot of disappointment in Obama. I am trying to remember if I ever voted for a president that it didn’t end up this way. Not that I can remember. In the case of the tax bill, it makes no sense for stimulus like he is claiming. Nothing in it encourages the rich to invest anything in what might help get jobs going. I don’t understand why they didn’t pass the tax bill with lower rates up to $250,000 by Reconciliation. It’s how we got this unfunded tax bill to begin. Republicans have the guts for it and not Democrats? They can’t use Reconciliation for everything but they could this tax bill and pass it on down and make the Republicans the ones who have to say why the richest need more tax cuts when it comes around again.
I absolutely agree with you. I have been disappointed with the President on and off for the past two years (especially on removing the public option from the health bill), but this capitulation absolutely finished him for me. This capitulation makes no sense, certainly is not fiscally responsible, nor is it ethically supportable. It was heartening to listen to Bernie Sanders on Friday. I actually heard words that made sense to me being spoken on the floor of the Senate.
The writing was definitely on the wall when Obama went along with denying a public option for health insurance, not only giving the insurance industry a seat at the table but giving them the table. I see him working for the “win” instead of for the principle involved; otherwise, I have no idea what he really stands for.
As always, you are right on the money!!! I’m standing with my senators (even George Voinovich (R-OH) is with me) and Bernie Sanders. What Obama is touting will cost all of us ordinary mortals greatly on so many levels.
this is a lousy ‘compromise,’ it reeks to high heaven. Have you read the text of Bernie Sanders speech? Boy, he schooled all those idiots. And then Clinton jumps on the Obama bandwagon?! Who is holding a gun to these men’s heads? Seriously? It’s the only reason I can think of that they are in support of such terrible tax policies.
Next, we’ll be told to, “Get over it!”