Monday, September 20, 2010

Shorter Eric Cantor: "Don't forget the high earners."

Harry Reid says:

"We're having this fight before November," the aide told TPM, speaking on a condition of anonymity to be able to lay out the political agenda. "The caucus is in agreement that this fight is a fight worth taking before the election. You may not win but you put yourself in the camp of fighting with the middle class."

The idea is to vote on the middle class cuts, then box Republicans into calling for cuts for the rich. "Those Republicans will have to stand up and say, 'Don't forget the high earners.' They will have to call for an amendment."


Eric Cantor says:

Tax Fight: GOP Won't Back Down

By Eric Cantor

As we enter the final stretch before the November midterm elections, all eyes have gravitated to the fight over the looming federal tax increases. President Obama and Speaker Nancy Pelosi want to keep the current rates on income, capital gains and dividends in place only for those who happen to fit their description of "middle class." In this moment of economic distress, will they get their way even though a bipartisan majority of the House disagrees with them? Or will present tax rates be extended for all American taxpayers—and most importantly for small businesses and investors, the nation's job creators?

Republicans unequivocally oppose any impending tax increase. House Republicans have called on Speaker Pelosi to allow the House to vote on legislation that would freeze all tax rates for the next two years. It's a vote the taxpayers of this country deserve before November.

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