Boehner Will Try to Extend Bush Tax Cuts for Another Year
House Speaker John Boehner told CNBC that he would move legislation to extend the current tax rates for another year.
The so-called Bush tax cuts were extended once already but are due to expire at the end of the year.
Said Boehner: “The reason this isn’t permanent is that — and only for a year — is that we really do want to fix our tax code, both the corporate code and the personal code, bring down tax rates, get rid of all the excess deductions and credits and all the carve-outs and nonsense that we have in the code today.”
As if we needed any more proof that Mitt Romney is bad for American pets, American families. and American jobs, senior Romney Advisor Eric Fehnrstrom makes clear that Romney stands with the extremist, ultra-conservative, GOP Mean Machine and their “women and children last” agenda.
Says Fehnrstrom of boss Mitt “He’s for the Ryan plan. He believes it goes in the right direction. … At least the Paul Ryan plan puts us on a path toward a balanced budget. It gets those annual deficits down, in a way that this president has been unable to do.’
The problem with that?
The Ryan plan will cut taxes on millionaires and billionaires, add trillions to the debt, and cut federal funding for prenatal care, school lunches and health insurance for children, and make huge cuts to food stamps, low-income housing, Pell Grants and aid to women and children.
What’s more, over the next decade, he would cut more than $700 billion from Medicaid and convert the program into an underfunded block grant to the states.
The Ryan budget provide millionaires with an additional $265,000 in tax breaks, in addition to the $129,000from the Bush tax cuts.
The Bottom Line:
Taxes go down for the millionaires and billionaires funding Mean Mitt’s campaign and the GOP Mean Machine political operations, and go up for ours and our neighbors families.
- Republican budget: Ryan plan would cost one million students their Pell Grants (dailykos.com)
- Hundreds Of Thousands Of People Owe Their Jobs to The Recovery Act…MEANWHILE Here’s A Recap of Romney’s ECONOMIC PLAN: The Ryan Budget Plan For America (3chicspolitico.com)
- Mitt Romney’s Endorsement Of Paul Ryan Plan Still Not Enough For Some On Right (huffingtonpost.com)
- Sen. Rand Paul Endorses Mitt Romney (outsidethebeltway.com)
- Republican budget: Ryan Plan cuts fall predominantly on low-income Americans (dailykos.com)
Republican super PACs and other outside groups shaped by a loose network of prominent conservatives – including Karl Rove, the Koch brothers and Tom Donohue of the U.S. Chamber of Commerce – plan to spend roughly $1 billion on November’s elections for the White House and control of Congress, according to officials familiar with the groups’ internal operations.
That total includes previously undisclosed plans for newly aggressive spending by the Koch brothers, who are steering funding to build sophisticated, county-by-county operations in key states. POLITICO has learned that Koch-related organizations plan to spend about $400 million ahead of the 2012 elections – twice what they had been expected to commit.
Just the spending linked to the Koch network is more than the $370 million that John McCain raised for his entire presidential campaign four years ago. And the $1 billion total surpasses the $750 million that Barack Obama, one of the most prolific fundraisers ever, collected for his 2008 campaign.
We don’t have Wall Street CEOs writing us $5 or $10 million checks!
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—–GOP MEAN MACHINE ALERT—–
GOP Ads About to Take Lower Road in a Big Way
Jeff Zeleny and Jim Rutenberg report in the NYT that top GOP strategists have joined forces with conservative billionaire Joe Ricketts to prepare for a political ad campaign that may set a new standard for viciousness. According the the authors, one part of the plan includes,
…running commercials linking Mr. Obama to incendiary comments by his former spiritual adviser, the Rev. Jeremiah A. Wright Jr., whose race-related sermons made him a highly charged figure in the 2008 campaign.
“The world is about to see Jeremiah Wright and understand his influence on Barack Obama for the first time in a big, attention-arresting way,” says the proposal, which was overseen by Fred Davis and commissioned by Joe Ricketts, the founder of the brokerage firm TD Ameritrade. Mr. Ricketts is increasingly putting his fortune to work in conservative politics.
The ad would reportedly front an “extremely literate conservative African-American” who would say that Obama presents himself as a “metrosexual, black Abe Lincoln.” This particular group of conservatives seems terminally obsessed with the Jeremiah Wright fuss, which the public may now see as a no-longer relevant yawner.
But it is a clear harbinger of the depths of the low road Republican campaign to come. It’s all part of the strategy of using Super PAC’s to do the dirty work, while the Romney campaign stays on the ‘higher’ road:
…Should the plan proceed, it would run counter to the strategy being employed by Mitt Romney’s team, which has so far avoided such attacks. The Romney campaign has sought to focus attention on the economy, and has concluded that personal attacks on Mr. Obama, who is still well liked personally by most independent voters surveyed for polls, could backfire.
…The strategists grappled with the quandary of running against Mr. Obama that other Republicans have cited this year: “How to inflame their questions on his character and competency, while allowing themselves to still somewhat ‘like’ the man becomes the challenge.”
Lamenting that voters “still aren’t ready to hate this president,” the document concludes that the campaign should “explain how forces out of Obama’s control, that shaped the man, have made him completely the wrong choice as president in these days and times.”
The ad would run during the Democratic convention in Charlotte. It also calls for billboards and aerial banners etc.
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MAYHEM AGAINST MOTHERS BY GOP MEAN MACHINE
Boston, MA-Today the U.S. House of Representatives approved a budget that shows just how mean Mitt Romney and his Republican budget buddies are. The Ryan budget, named after Romney’s budget buddy, Representative Paul Ryan cuts spending on food stamps, Medicaid and child tax credits in order to maintain tax breaks for bankers and billionaires. Bob McDevitt, a senior adviser to the superPAC Mitt is Mean said the House budget is just another attempt by Mitt Romney and the GOP Mean Machine to brutalize working families, women and children in particular. It’s not a very nice way for the GOP to honor mothers just before Mother’s Day”.
The GOP budget also maintains military spending even with wars in Iraq and Afghanistan winding down. Brad Bannon, the spokesman for Mitt is Mean said the Romney/Ryan budget is a cruel, callous and calculated effort by Republicans to balance the budget on the backs of women and children without ending corporate welfare for oil companies and defense contractors.”
GOP: Shield Pentagon, Cut poverty programs
David Rogers – POLITICO.com
…House Republicans pushed ahead Monday evening with plans to protect increased defense spending without raising taxes, largely by cutting more from domestic programs, including aid to the poor.
The stark choices incorporated in the giant bill will have an immediate impact on working-class and immigrant families and offer a preview of the fall campaign and bitter budget fights facing Congress after the elections.