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Senior Advisor

Reid shoots down Obama/Geithner tax increase deal

It is clear the dems wish to go over the cliff.

 

snip-

Senate Majority Leader Harry Reid, D-Nev., blocked a vote on President Obama’s proposal, articulated last week by Treasury Secretary Tim Geithner, saying that “there is no Geithner proposal.”

“If the President’s proposal was made in good faith, Democrats should be eager to vote for it,” McConnell said today. “So I’m surprised the Majority Leader just declined the chance for them to support it with their votes. I guess we’re left to conclude that it couldn’t even pass by a bare majority of votes, and that they’d rather take the country off the cliff than actually work out a good-faith agreement that reflects tough choices on both sides.”

Earlier this year, the Senate voted down Obama’s budget proposal by a vote of 99-0. McConnell proposed the vote both as an amendment to the Russia Trade Bill and as a stand-alone item. Reid objected to both.

“There is no Geithner proposal,” Reid said. “This is all made up.” Reid’s comment might come as a surprise to Geithner and the reporters who interviewed him over the weekend.

“We laid out a very detailed, carefully designed set of spending, savings and tax changes that help put us on a path offiscal responsibility,” Geithner told Fox News’ Chris Wallace on Sunday.

Earlier this year, the Senate voted down Obama’s budget proposal by a vote of 99-0 when it was introduced by a Republican, and the Democrats offered a similar explanation then.

“Obama’s proposal was an ‘F You’ to  the Republicans and they’re trying to pretend like it was some kind of a serious proposal,” a senior Republican aide told The Washington Examiner. “What McConnell just did is he exposed that lie.”

McConnell made a the same point less colorfully, saying that the plan outlined by Treasury Secretary Tim Geithner — which would also give the president permanent power to raise the debt ceiling unilaterally — was a “provocation” not a proposal.

Tweaking the Democrats from the Senate floor, the Republican leader said wasn’t surprised they refused to vote on the president’s proposal.

“As I just indicated, it includes a $2 trillion tax increase over 10 years — the biggest real dollar tax increase in U.S. history,” he said. It increases taxes on nearly one million small businesses — in the middle of a jobs crisis.  According to Ernst and Young, this type of rate hike would cause more than 700,000 Americans to lose their jobs. It raises taxes on investment income, harming economic growth even more. It includes tens of billions of dollars in more Washington spending — in a deal to cut the deficit.”

http://washingtonexaminer.com/harry-reid-blocks-vote-on-obamas-fiscal-cliff-proposal/article/2515186

 

8 Replies
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Advisor

Re: Reid shoots down Obama/Geithner tax increase deal

"Foreman continues with a flurry of blows to the body......"  Kinshasa, Zaire  10-30-74

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Senior Advisor

Re: Reid shoots down Obama/Geithner tax increase deal


@bruce MN wrote:

"Foreman continues with a flurry of blows to the body......"  Kinshasa, Zaire  10-30-74


Was he for tax increases?

It's clear the dems want to go over the cliff. Great idea I think. They will come back with tax cuts for the middle class but the spending cuts will stay in place, including the cuts to SS and medicare.

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Senior Advisor

Re: Reid shoots down Obama/Geithner tax increase deal

Obama has developed a nasty habit in that he assumes that the policy debates are between him and Boehnor and often ignores the senate democrats and what are their concerns.

 

I don't think he has senate democrats support for cutting SS and medicare benefits. It would be ironic if he won  concessions from the republican congress and failed to get the votes of senate democrats.

 

I still think the answer is to let all the Bush tax cuts to expire and start over. As long as any part of the nush tax cuts remain they will be considered sacroscaint by the right and they will be immoblie as to any effort to diminish them. We have to break that log jam for once and for all. Don't think for a minute if the advatage was in the republican hand that they would make the most of it.

 

Next come the debt ceiling and OBam has already said he is not playing that game. No negotiation. They either raise the limit or not but Obama is not going to purchase a specific outcome. If it impacts the economy, they let the righties have credit for it.

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Advisor

Is everybdoy just counting on Simpson-Bowles?

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Veteran Advisor

Re: Reid shoots down Obama/Geithner tax increase deal

I don't see the down side to "going over the cliff".

 

I think Boehner and co should hang tight and let ObamabinBiden put the petal to the metal.

 

If everyone feels a little pain now, it beats going into default later.

 

How this would end up geting hung on the Republicans would befuddle me...it seems that Obama and the Senate Democrats are more at odds than they are together.

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Senior Advisor

Re: Reid shoots down Obama/Geithner tax increase deal

Agreed. The only way to get cuts is over the cliff. The best option available at the moment and Obama is more than willing. Git er done.

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Senior Contributor

Re: typical demorat bait and switch

always lie and then deny you lied obalmo and klan are pros at it

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Senior Contributor

Re: Reid shoots down Obama/Geithner tax increase deal

So good to see you are still an independent.  Why not post something how that repig from South Carolina threw in the towel? Bit close to the bone. eh?