Friday, December 16, 2011

Democrats Drop Tax the Rich Rhetoric

I said it once, I said it twice.... 

"Democrats may back off demand for taxing rich

Strike three, your out!  

So ignore all that campaign rhetoric you are going to hear for the next year.  

Occupy's message really got through, huh? 

WASHINGTON - Democrats may jettison their demand for higher taxes on incomes over $1 million as part of legislation to extend payroll tax cuts for most Americans, officials said yesterday as President Obama and Congress struggled to clear critical year-end bills without triggering a partial government shutdown.

Republicans, too, signaled an eagerness to avoid gridlock and adjourn for the holidays. With a massive, $1 trillion funding bill blocked by Democrats, GOP lawmakers and aides floated the possibility of a backup measure to keep the government in operation for several days after the money runs out tomorrow night.

It all comes at the close of a year of divided government - with a Tea Party-flavored majority in the House and Obama’s allies in the Senate - that has veered from near-catastrophe to last-minute compromise repeatedly since January.  

It's a divided government when it comes to things the people need -- but when it comes to Israel they all come together.

At issue now are two year-end bills that Obama and leaders in both parties in Congress say they want. One would extend expiring payroll tax cuts and benefits for the long-term unemployed, provisions at the heart of Obama’s jobs program. Another is the $1 trillion spending measure that would lock in cuts that Republicans won earlier in the year.

Democrats had made the proposed tax on income over $1 million central to their plan for the payroll tax cut extension, and officials stressed that no decision had been made on whether to drop it.

--more--"

UPDATE: Obama caving on Pipeline, Big Oil back-room deal fast-tracks

Should I say it a fourth time.