Friday, September 24, 2010

Democrats Only Believe In Tax Cuts When Politicaly Expedient

97 Days to the Largest Tax Increase in American History

NJECPAC Board Members go to Washington every year to visit our NJ Congressional Delegation and our 2 NJ US Senators offices.

Since 2006 when the Democrat Party became the majority party, NJECPAC has been urging them to make the Bush Era Tax Rates Permanent to no avail. 

For the last two years we have urged them to at least consider extending the tax rates due to the fragile state of the economy, again to no avail.

If you listen to the rhetoric now that it is an election year you hear them say that the Bush Tax rates will be extended for the middle class.

The truth is there is no legislation pending that would extend those tax rates introduced by any Democrat. The only Legislation introduced is the "Tax Hike Prevention Act" introduced by Republican Minority Leader Mitch McConnell that the Democrats are unwilling to consider

Lets do the math, 2006, 2007, 2008, 2009, 2010, =  5 years. That is how long the Democrats have been in the majority with the opportunity to extend or make permanent the Bush Tax Rates and they have failed to act. Now in an Election Year they are discussing it. Discussing it does not help the millions that are unemployed or the businesses that would employ them if they only knew what their tax rates will be going into 2011.

Obama, Reid & Pelosi
Now Harry Reid has kicked the can down the road and will not consider extending the current tax rates until the lame duck session after the midterm elections. We don't know what he would have considered other than Senator McConnell's bill, since Democrats have not offered any other.

Who really cares about keeping the current tax rates for middle class? It is certainly not the leadership of the Democrat Party.

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