Congressional Republicans are circulating the Rand Paul idea of bringing Obama’s tax hike proposal to a vote in the House where Republicans will simply vote “present” allowing the House Democrats to pass it. Then sending it to the Senate where the Democrat majority can pass it and send it to Obama’s desk for signature, giving Obama sole ownership of raising taxes and letting the chips fall where they may.
I think it’s an interesting tactic and I’m looking forward to seeing if they actually have the gonads to do it. Of course the Tea Party ain’t gonna like it but is there really any “viable” Tea Party anymore?
Anyhow, it’s risky business for Republicans when I consider how expert the “Liar-N-Chief” is at blaming the Republicans for everything. If there’s fall out for the economy as Republicans predict by raising taxes, I’m pretty sure Obama will figure out some way to pin ownership of it on the Republicans.
Looks like we are off to a rocky start CL. It appears you are having a problem with who the liars are. I will be here to correct you at every turn. You're welcome!
Nonpartisan Tax Report Withdrawn After G.O.P. Protest
WASHINGTON — The Congressional Research Service has withdrawn an economic report that found no correlation between top tax rates and economic growth, a central tenet of conservative economic theory, after Senate Republicans raised concerns about the paper’s findings and wording.
The decision, made in late September against the advice of the agency’s economic team leadership, drew almost no notice at the time. Senator Charles E. Schumer, Democrat of New York, cited the study a week and a half after it was withdrawn in a speech on tax policy at the National Press Club.
But it could actually draw new attention to the report, which questions the premise that lowering the top marginal tax rate stimulates economic growth and job creation.
“This has hues of a banana republic,” Mr. Schumer said. “They didn’t like a report, and instead of rebutting it, they had them take it down.”
Republicans have also tried to discredit the private Tax Policy Center ever since the research organization declared that Mitt Romney’s proposal to cut tax rates by 20 percent while protecting the middle class and not increasing the deficit was mathematically impossible. For years, conservatives have pressed the nonpartisan Congressional Budget Office to factor in robust economic growth when it is asked to calculate the cost of tax cuts to the federal budget.
Congressional aides and outside economists said they were not aware of previous efforts to discredit a study from the research service.
“When their math doesn’t add up, Republicans claim that their vague version of economic growth will somehow magically make up the difference. And when that is refuted, they’re left with nothing more to lean on than charges of bias against nonpartisan experts,” said Representative Sander Levin of Michigan, ranking Democrat on the House Ways and Means Committee.
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"The debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party's embrace, about three decades ago, of the insidious doctrine that deficits don't matter if they result from tax cuts."
David Stockman - Director of the Office of Management and Budget for U.S. President Ronald Reagan.
