Month: December 2012

Two years ago, Republicans held the middle class American people hostage and demanded that the rich get a continuation of the Bush tax cuts. Those tax cuts were set to expire the last day of December 2010, but Republicans told the President that if the rich couldn’t get more tax cuts, then the middle class would suffer. To avoid more suffering by the middle class, the President went along with the Republicans’ demands.

And here we are again, except this time, the American people voted for President Obama knowing that he was going to end those tax cuts for the rich. That was what he campaigned on for almost two years and the American people approved. But Republicans are still turning a deaf ear to what the people want and again, two years later, Republicans are trying to use middle class America as a bargaining chip to get more tax cuts for the rich.

Their playbook worked in 2010, but something seems different this time around as cracks are developing within the Republican ranks. Republicans like Rep. Chris Gibson (R-N.Y.) signed the Grover Norquist pledge not to raise taxes, but he recently released a statement saying that he “doesn’t plan to [re-sign] it for the 19th Congressional District.” And another New York Republican Representative Peter King, has decided to leave Grover’s pledge, calling it a two-year deal.

Republican Lindsey Graham has also voiced his opinion against the pledge. “When you talk about eliminating deductions and tax credits for the few, at the expense of the many, I think over time the Republican party’s position is going to shift,” Graham said. “It needs to, quite frankly, because we are $16 trillion in debt.”

But even with these and other Republicans changing their minds on the no-tax hike pledge, the Republican House Leader John Boehner is still trying to hold the gun to the head of the middle class. Boehner recently held a press conference criticizing the President’s plan because he thinks the plan raises more revenue from taxing the rich, than from services he want wants to cut from the poor.

President Obama is hoping that there are enough Republicans willing to go against their desire to sink the middle class to protect rich people. In his recent weekly address, the President said;

So let’s begin by doing what we all agree on. Both parties say we should keep middle-class taxes low. The Senate has already passed a bill to keep income taxes from going up on middle-class families.  Democrats in the House are ready to do the same thing. And if we can just get a few House Republicans on board, I’ll sign this bill as soon as Congress sends it my way. 

The president’s plan would allow the tax cuts to continue for the middle class and those earning up to $250,000 a year. Those earning over $250,000 would see their rates on income above that amount go back to what those rates were under the Clinton administration. The Democratic controlled Senate has already passed this bill, but Boehner and the Republicans refuse to bring the bill to the House floor for a vote.

If Republicans and Democrats cannot agree on this issue over the next few weeks, all the Bush tax cuts would expire and automatic cuts will go into effect in January. The preferred method of course, would be working out a deal between the two parties, but that must be done with  the rich and the middle class carrying the burdens of that deal, not just the middle class. And including the rich in such a deal is something Republicans are against.

Meanwhile, the clock is ticking towards December 31st.