A new poll from CNN/Opinion Research shows that only 31% of Americans want to see all the Bush tax cuts extended, and 51% would rather just extend those at the lower end of the scale, and let the tax cuts for the wealthy expire. Another 18% would rather see them all expire.
Even 50% of REPUBLICANS AND CONSERVATIVES don’t want to see all the tax cuts extended.
So basically, the movement to extend all the tax cuts doesn’t come from the bottom up, it comes from the top down.
A decade ago, Dirk Van Dongen sat across from President George W. Bush in the Indian Treaty Room in the White House complex, mapping out plans to pass tax cuts. Now, Van Dongen, who heads the nation’s top wholesalers’ group, is leading a lobbying blitz to ensure they survive.
He helps run a 1,000-member coalition of companies and trade groups opposing President Barack Obama’s proposal to discontinue tax cuts for the highest-earning Americans, saying that job-generating small businesses will be hit hardest.
Lawmakers “can’t ignore these groups because their members blanket congressional districts, are easily mobilized and could play a significant role in the midterm elections,” said David Primo, a political science professor at the University of Rochester in New York.
A number of prominent Democratic Senate candidates have talked favorably of temporarily extending the high-end tax cuts, and with this background, and everything we know about money in politics, you can surely see why.
Now you can read the CBO projections about ten different ways, but they do say fairly clearly that extending all the Bush tax cuts will basically shrink the economy in the long run. And while I don’t agree with CBO on all fronts, given how much capital would be pushed into the pockets of the rich and onto the sidelines, never to be trickled down, that’s a pretty realistic rendering of the effect. So the business lobbyists greedily demanding their tax cuts want to cut their own throats in the long run.
So far, the Administration has stayed on the side of the public and not the lobbyists, in this case. Will their fellow Democrats?



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Are there 41 Democrats prepared to block an extension of the Bush Tax Cuts? Someone needs to whip that question.
Even 50% of the republicans agree??? OMFG! Do ya think those who live by the republicans dogma and don’t make much money (under 100k) are seeing the fucking LIGHT!!! OMFG!!
Maybe just maybe they are starting to see through all this attempt by the rich/corporations to hijack the Government??
Don’t hold your breath just yet. Harry Reid will find some way to convince the Repugs making $100k or less believe that if the tax cuts aren’t extended, they will be hit with a giant tax increase. Wait for it. Rethugs will then be whipped into line and start demanding that the tax cuts for billionaires only be extended.
Only KO & MSNBC is telling the truth about this. And Rethugs of whatever persuasion aren’t going to watch, much less believe, MSNBC. And you know what RushGlenn are going to say. So…
even if I just took a toke??
How about Obama tax cuts for the middle class, and do it in a way that pinches the gooper toes.
dems in september propose the Obama tax cuts. They largely consist of keeping tax rates where they are for anyone making less than 150k as in individual or 250k as a joint filer.
In addition, existing low dividend and cap gains tax rates are capped for anyone with income in excess of that.
They put it in a bill.
They let the GOOPERS vote for it or against it.
They Bush cuts go away regardless.
Good plan. I’ll have one or more myself.
stop with the bogarting already!!! pass it over to me…
The Republic Party will win them back at election time by manufacturing frenzies about gays or abortion. It works every time.
Dude, $250,000 or even $150,000 is not middle class to many of us that are making a tenth of that or less. Make it 50k single and 75k married. The rest of them can afford to pay more.
Lift the cap on SS contributions and SS will be solvent forever.
Who did the wax figure of Bush? Can we burn it in effigy?
Holding smoke doesn’t change serum uptake of THC. The effect is from oxygen deprivation.
I doubt it matters a whit what people think. The tax cuts will end for everyone on 12/31 unless there is a deal to extend some or all of them. The repugs are not going to agree to let their base pay higher taxes while other people do not. So you are going to have to give them something in return. What will that be? maybe cuts in ss or something else. Or, the repugs could decide to let the tax cuts lapse for all of us just to see the dems and Obama get screwed in 2012. But saying that x% of the people want to see the taxes on the wealthiest lapse is meaningless. They won’t have a say in it. More likely the dems will extend the tax cuts another year or so on everyone and in return for that take a hit on SS. Such a deal!!! I suggest that if the Professional Left has anything to say in this and what gets extended or negotiated, then we all get on it now.
For real, or they’re just not speaking and leaking? Do we have a veto threat?