Home > Tax Policy > Taxplomacy, pt. II

Taxplomacy, pt. II

Hey I suggested this, sorta!

Two top Senate Democrats floated the idea Tuesday of extending the Bush-era income-tax rates for a limited time only, and tying that move to an overhaul of the U.S. tax code or passage of policies to address the budget deficit.

My original suggestion.

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  1. Bill Sowka
    November 12, 2010 at 6:24 pm

    We’re these progressive Democrats? If not, I’d question motives. I’m certainly not going to hold my breath on tax code overhaul. This “idea” may simply be a back handed way of tying the tax breaks for the middle to the tax breaks for the wealthy-thus making it more difficult to separate the two in the future. As a fiscal conservative, I believe that anyone serious about our managing our deficit should be serious about NOT extending tax breaks to the top 1% earners. Sure there will be those who claim that tax breaks to this bracket will spur job creation, but this is not happening currently. Since “more of the same” doesn’t appear to be working, why pursue this strategy, unless of course 2012 is more important to politicians then fixing our economy.

  2. November 13, 2010 at 9:51 am

    They were centrist Democrats. I don’t hold out much hope either for a big tax overhaul but if it happened I’d be really excited. By the way, I’m glad you recognize fiscal conservatism doesn’t not mean supporting huge deficit expanding tax cuts no matter what the circumstances.

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