In a move that pissed me off, the congressional republicans buckled and offered the democrats $300 million in new taxes, only to have the democrats rebuff the offer, now making it all but obvious that their intent from the beginning was to have the special debt-reduction committee, which has two weeks left, fail for political reasons.
Congressional Republicans have for the first time retreated from their hard-line stance against new taxes, offering to raise federal tax collections by nearly $300 billion over the next decade as part of a plan to tame the national debt.
But Democrats rejected the offer Tuesday — along with the notion that Republicans had made a significant concession that could end the long-standing political impasse — leaving a special debt-reduction committee far from compromise with less than two weeks until its Thanksgiving deadline.
Democrats said the tax increases in the GOP offer would be dwarfed by major new tax cuts for the nation’s wealthiest households, including a reduction in the top income tax rate from 35 percent to 28 percent.
“They’re anxious to promote a certain concept with all of you,” Sen. John F. Kerry (D-Mass.), one of the negotiators, told reporters. “I’ll be very clear that whatever they put there doesn’t get the job done.”
Oh, sure the democrats, whom have made it very clear that they want to get a minimum of one to one ratio on new taxes, or as the propaganda machine calls it, new revenue, are demanding a dollar in new taxes for each dollar in cuts – that way big government stays big, and they can keep buying votes – and blame the fact republicans will not acquiesce for their thumbs down. But lets be honest here and point out that any kind of deal would be turned down by the democrats, because if they make one Obama loses his most potent weapons – the “Do Nothing Congress” accusations that pretend republicans also control the Senate and not Harry Reid, whom has blocked everything the House has send him – and that’s not gonna happen. The republicans seem to know this.
Senate Minority Leader Mitch McConnell (R-Ky.) fired back that Republicans are “working diligently to get a solution” and accused Democrats of trying to block a deal. McConnell said he suspected that “the folks down at the White House are pulling for failure because, you see, if the joint committee succeeds, it steps on the story line that they’ve been peddling, which is that you can’t do anything with the Republicans in Congress.”
Right on Mitch. And the democrats continue to ask for what they know the republicans can and should never give them.
Members of the supercommittee had planned to continue talking Tuesday afternoon, but a bipartisan meeting was abruptly canceled, and neither side appeared optimistic about the prospects for a breakthrough. “I have yet to see a real, credible plan that raises revenue in a significant way to bring us to a fair, balanced proposal,” Sen. Patty Murray (Wash.), the Democratic co-chairman of the panel, told reporters.
These request for insane tax hikes, in fact, as far as I am concerned for any tax hikes that isn’t one where the 47% that today doesn’t pay any taxes now have to pay them too, need to be DOA. And that’s because these “cuts” all come in a decade, long after Team Obama is gone, while the taxes happen yesterday. That’s basically a guarantee that the nanny-staters will keep spending like they are doing now, racking up the deficit to grow the collectivist dependant base they depend on for votes, then the cuts never happen. Fuck that. That’s why this:
Late Monday, some GOP supercommittee members finally crossed the anti-tax line that their leaders had drawn in the sand. In a meeting that dragged on nearly to midnight, Sens. Patrick J. Toomey (Pa.) and Rob Portman (Ohio) and Reps. Dave Camp and Fred Upton, both of Michigan, presented a new proposal to Democrats Kerry, Sen. Max Baucus (Mont.) and Rep. Chris Van Hollen (Md.).
Pisses me off. If they give into them now, the commiecrats will just keep saying no until they either get the ridiculous 1 for 1 option they want, which to put things into perspective means they want $1 trillion in taxes now for the promise of a $1 trillion cut 10 years from now, or they will kill the thing, and give Obama his campaign bumper sticker. The fact that the do nothing congress is courtesy of Harry Reid will never be mentioned by the LSM.