New GOP House Rules Pave The Way For More Tax Cuts, Deficits

[savalez]

Source: TPM

In 2007, just weeks after Republicans lost control of the House and Senate and six years after the first passel of Bush tax cuts were signed into law, Democrats made a key change to the budget rules to prevent that episode from repeating itself.

~snip~

But as they return to power in the House of Representatives, Republicans are taking steps to unravel those changes.

~snip~

The new rules would stand the reconciliation process on its head, by allowing the House to use reconciliation to push through bills that greatly increase deficits as long as the deficit increases result from tax cuts, while barring the use of reconciliation in the House for legislation that reduces the deficit if that legislation contains a net increase in spending (no matter how small) that is more than offset by revenue-raising provisions.

Read more: http://tpmdc.talkingpointsmemo.com/2010/12/gop-house-rules-pave-the-way-for-more-bush-tax-cuts.php?ref=fpb

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The article goes on the say that implications of this are nil because Democrats still control the Senate, but this is lunacy.

[Joanne98]

1. Obama better get out his veto pen! This is an OUTRAGE!

[savalez]

4. Could that be the plan?

To paint the president as being against tax cuts - no matter how incredibly irresponsible those cuts are?

[Hawkeye-X]

9. It has to meet Senate, and it's DOA in Senate

Reid is not going to give leverage to the Teapublicans.

[Aramchek]

2. we also control the White House

[Lorien]

3. Do we?

[savalez]

5. Yes.

[Name removed]

6. Deleted message

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[Roy Rolling]

7. Just say VETO

For Gawd's sake...can we please see a veto on some of the nonsense legislation?

[sofa king]

8. Ha ha ha. Ain't gonna wooork.

What you're seeing is House Republicans desperately trying to find a way to get out of the tax cut grave that President Obama suckered them into digging for themselves.

But they can't. The extension was for two years and now the Democratic Senate can keep passage and even consideration of a further extension completely out of reach in the Senate and therefore dead in the water in the House. It will be an issue through all of 2012, but it won't come up for a real vote.

Aside from the incoming freshmen, every single returning Republican has a record of holding the middle class tax cuts hostage in order to further enrich the wealthy. And that' isn't ever going to change, no matter how House Republicans try to spin it.