Mighty humorous watching the Democrats scurry around like little rodents for their show bills today. They did nothing for four years and now, NOW they want to try and explain that they really are for helping the “little people.” Of course helping the little people means you drive another nail into the already tax burdened small business owners:
Senate Republicans on Saturday voted against extending the Bush tax cuts to only the middle class in a pair of votes Democrats are seizing to paint the GOP as guardians of the rich.
The Senate voted 53-36 to extend all expiring tax cuts on individuals with incomes of less than $200,000 a year and married couples making less than $250,000 — seven shy of the required 60 to advance.
The other proposal, which drew opposition from White House officials, would have renewed them for all tax filers with incomes of $1 million or less. That also failed in a 53-36 vote.
The first plan would have raised taxes on those making over 250k a year. That was voted down by all Republicans and 5 Democrats. The Second plan would have raised taxes on those making over a million a year. Same breakdown in votes. Guess who introduced that second bill? Sen. Chuck Schumer. The same guy who not too long ago was against tax increases for hedge fund managers:
SCHUMER FUNDRAISER INVITATION: Sen. Schumer is “One Of The Few Members Of Congress That Has Consistently Supported The Hedge Fund Industry.” (“Goldman Suit Figure Touted, Fundraised For Ally Schumer,” Politico, 4/16/10)
NEW YORK MAGAZINE: “Fellow Senator (And Regular Guy) Chuck Schumer Took A Stand Against Raising Taxes On Hedge-Fund Billionaires.” (“Flip-Flop Weather,” New York Magazine, 8/13/07)
THE WASHINGTON POST: “By Late July, Schumer Was Off The Fence — And On The Side Of The Hedge Funds And Private-Equity Firms In Opposing The Democratic Legislation.”(“Democrats Split Over Bill Affecting Backers,” The Washington Post, 11/7/07)
THE WASHINGTON POST’s Al Kamen: “Sen. Charles ‘Hedgeman’ Schumer (D-N.Y.) — The Liberal Senator Who Defended Preferential Tax Rates For Hedge-Fund Gazillionaires.”“Cyndi Bauerly, legislative director for Sen. Charles “Hedgeman” Schumer (D-N.Y.) — the liberal senator who defended preferential tax rates for hedge-fund gazillionaires — is said to be the pick to be nominated for a Democratic seat on the dentally challenged Federal Election Commission.” (“Campaigning By The Book,” The Washington Post, 8/10/07)
But now he wants to stir up political class warfare. Nice.
Mitch McConnell said it best:
“According to the strange the logic of Democratic leaders in Congress, the best way to show middle class Americans that they care about creating jobs is to slam some of America’s top job creators with a massive tax hike,”
~~~“Today’s vote was an affront to the millions of Americans who are struggling to find work and a clear signal that Democrats in Congress still haven’t got the message from the November elections,”
~~~“Two years of out-of-control spending and big-government policies have led to record deficits and debt, chronic unemployment, and deep uncertainty about our nation’s fiscal future. Meaningless show-votes and anti-business rhetoric won’t do anything to make the situation better.”
No, they haven’t received the message. In fact one of the Democrats compared negotiating with Republicans with terrorists:
Republicans are doing the right thing and standing firm on keeping the tax reductions for ALL income levels. It’s insanity to think that ANY tax increase will do anything but destroy our economy further when it’s already in the tank. All the Democrats understand are the talking points they can use by these show votes but apparently don’t understand basic concepts like cause and effect….or care little about the effect these tax increases would have on the small business owners.
Small business owners drive this economy, they employ millions of people across this country, and the Democrats think that raising their taxes is a good thing?
Pure unadulterated idiocy.
And I’m thankful we are finally starting to see the Republicans show some backbone.
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