The Washington Post described the Democratic plan as a step towards addressing income inequality:
The centerpiece of the proposal, set to be unveiled Monday by Representative Chris Van Hollen (D-Md.), is a “paycheck bonus credit” that would shave $2,000 a year off the tax bills of couples earning less than $200,000. Other provisions would nearly triple the tax credit for child care and reward people who save at least $500 a year.The windfall — about $1.2 trillion over a decade — would come directly from the pockets of Wall Street “high rollers” through a new fee on financial transactions, and from the top 1 percent of earners, who would lose billions of dollars in lucrative tax breaks.
Speaker Boehner shot down the idea via a tweet from his spokesperson:
Boehner spx Steel on Van Hollen plan: The last thing we need is a new trillion-dollar tax hike added to the current broken tax code.
What this statement meant in terms of legislative
action is that Boehner is not going to allow the Democratic
proposal to be brought to the House floor for a vote. Throughout his
time as Speaker, Boehner has killed legislation that he opposes by not allowing it to come to the floor for a vote.
Boehner’s position that tax cuts add to the deficit apparently only applies to tax cuts for the middle class because it was only last month that Boehner supported a $440 billion tax cut for corporations. Boehner is fond of referring to the House as the People’s House, but it clear that the people he is referring to aren’t working folks or middle class Americans.
Boehner’s position that tax cuts add to the deficit apparently only applies to tax cuts for the middle class because it was only last month that Boehner supported a $440 billion tax cut for corporations. Boehner is fond of referring to the House as the People’s House, but it clear that the people he is referring to aren’t working folks or middle class Americans.
By the People’s House, Boehner means the
Koch brothers, corporations, or other special interests. If repugicans
were serious about governing, they would seize the opportunity to pass a
middle-class tax cut that Democrats would support and the president
would sign. Instead, repugicans are using their power in Congress to
harm the middle class while claiming to be carrying out the will of the
people.
A middle-class tax cut would put money back into the
pockets of those who need it most while providing a boost to the
economy. Boehner’s rejection of the Democratic proposal is another
reminder that the repugican cabal doesn’t care about ordinary hard
working Americans,
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