Getting Harder And Harder To Tell The Difference

July 22nd, 2010at 11:25am Posted by Eli

Between Democrats and Republicans:

A fiscally conservative Democrat who chairs the U.S. Senate’s budget committee on Wednesday said he supports extending all of the tax cuts that expire this year, including for the wealthy.

“The general rule of thumb would be you’d not want to do tax changes, tax increases … until the recovery is on more solid ground,” Senator Kent Conrad said in an interview with reporters outside the Senate chambers, adding he did not believe the recovery has come yet.

Conrad’s comments are sympathetic with Republican arguments against raising taxes amid a fledgling economic recovery. They frame a debate gaining steam over whether stimulus to bolster the economy’s recovery, or deficit reduction, should be the top policy priority.


Conrad said that it will be tough to extend the top tax cuts, given worries about the deficit and because under budget rules, lawmakers must find offsetting revenue to pay for the lower rates for wealthier Americans.

But the North Dakota Democrat who also is on the Senate Finance Committee, said he thinks waiving so-called pay-go rules to extend the upper income rates should be considered.

“Pay-go is not just a line in the sand,” he said. “There is a reason that you have a pay-go waiver, which requires 60 votes.”

Democratic Senator Evan Bayh also recently questioned whether taxes should be raised on the wealthy, citing the economy.

Yes, let’s do increase the national debt in a way that won’t actually stimulate the economy, and then pretend that that’s somehow more fiscally responsible than targeted spending.  If there’s a better example of irresponsible politics-over-policy mindlessness, I’m hard-pressed to think of what it is.

Entry Filed under: Corruption/Cronyism,Democrats,Economy,Politics,Taxes,Wankers

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