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Emanuel: Democrats for middle-class tax cuts

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-15-07 08:13 AM
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Emanuel: Democrats for middle-class tax cuts
http://newsblogs.chicagotribune.com/news_theswamp/2007/04/dems_steal_bush.html

House Democrats say the alternative minimum tax (AMT) has turned into a "parent penalty" weighing heavily on middle class families and that overhauling it has become their top tax-reform priority.

Rep. Rahm Emanuel (D-Ill.), chairman of the House Democratic Caucus, said in the Democrats' weekly radio address that "now is the time for a middle-class tax cut" built around reform of the controversial levy.

Emanuel's address signaled a major effort by Democrats to lay claim to the tax-cut issue that has been a key part of Republican economic orthodoxy since Ronald Reagan's presidency.

In addition to ensuring that only the wealthiest Americans pay the AMT, Democrats are considering additional tax relief for the middle class that could involve tax simplification, a senior House Democratic aide said. Some 80 million people could see lower taxes if the bill passes this year, the aide said.

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The Count Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-15-07 08:16 AM
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1. More tax cuts? This is the DLC guy, right? Cuz I thought we had a war/deficit
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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-15-07 08:19 AM
Response to Reply #1
2. No one else cares about the war/deficit
Edited on Sun Apr-15-07 08:20 AM by NNN0LHI
I say borrow a few trillion dollars more for tax cuts for us from the Chinese and let the wealthy Republicans kids worry about paying it back some day.

That is what the wealthy have been doing to us for the past 6 years.

Don
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Robbien Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-15-07 08:25 AM
Response to Reply #1
3. Yeah, this is the guy who claimed the entire credit for the 2006 Dem win
and yes he is DLC, of course.
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Cessna Invesco Palin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-15-07 08:25 AM
Response to Reply #1
4. So we, as a party, should be against middle class tax cuts?
Ya, that'll go over well.
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