Conrad And Lieberman Come Out In Favor Of Allowing Wealthy To Keep Their Massive Bush Tax Cuts
OPS_admin | Jul 28, 2010 | Comments 0
Currently, the Bush tax cuts passed in 2001 and 2003 are set to expire at the end of this year. Progressives have long planned to allow the tax cuts for the richest Americans to expire, which would help ease the U.S. debt burden. Unfortunately, a number of Democratic senators have come out for extending the Bush tax cuts for the wealthiest Americans.
Last week, Sen. Kent Conrad (D-ND), the chairman of the Senate Budget Committee, called for a temporary extension of all the Bush tax cuts, including those for the wealthiest two percent of Americans, which the Obama administration would like to see expire. Conrad even suggested waiving pay-go rules (which apply to those cuts for the richest two percent) in order to extend the cuts without paying for them. Conrad quickly clarified that he wasn’t embracing the Republican approach, which is simply extending all of the tax cuts forever, calling that a “formula for the decline of the United States.” Today on CNBC, Conrad argued that now just isn’t the time to raise taxes on the wealthy:
We’ve got to be very careful with the timing of what we do. There’s no question in my mind that taxes have to go up on the wealthiest among us. The question is when. I don’t think this is the moment.
Watch it:
Full Story: Think Progress » Conrad And Lieberman Come Out In Favor Of Allowing Wealthy To Keep Their Massive Bush Tax Cuts.
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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