Friday, June 10, 2011

House Dems to call for tax hikes

Remember how the New York Times criticized the Republicans last week for offering "more of the same" on the economy? Somehow, I don't think that the Democrats are going to get the same commentary on this:
A group of House Democrats is calling for any deal to raise the debt ceiling to bring about the end of the Bush tax rates for the wealthy.

The lawmakers, led by Rep. Earl Blumenauer (D-Ore.), also say that, following last week’s weak job report, they are concerned that certain decreases in federal spending could hurt the economy’s recovery...Republicans have said new tax revenue is the one deficit-reduction approach they will not consider in any deal to increase the debt limit, arguing that Americans want to see Washington get more serious about rolling back spending.

But Democrats have said taxes need to be part of the discussion.
For the Democrats, a good day to raise taxes is any day that ends with a "y"...

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