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View Diary: Republicans don't need to violate the Norquist pledge to do the right thing (50 comments)

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  •  And Dems lost on the framing - they should (2+ / 0-)
    Recommended by:
    dinotrac, AllanTBG

    have said.

    The Bush tax cuts were passed when there was a budget surplus.  Congress WISELY passed them with an expiration date.  We can't afford them anymore.

    But we can afford to give everyone a tax cut on their first $250,000 of earned income.

    The immediate question is whether to extend tax cuts on all income below $250,000. That wouldn't be a tax hike on the wealthy—it would be a tax cut for everybody, relative to current law. Even the wealthy would benefit. Democrats support these tax cuts. Republicans say they do, but so far haven't been willing to vote in favor of the Senate legislation extending them, even though President Obama says he would sign it right away.

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