In a letter to President Obama, dated November 29, 2010, the GOP continue to push for extending tax cuts as a means to stimulate jobs despite all the data to the contrary. They intend to block all Democrat initiatives including DADT, jobless benefits and the DREAM act. Why does Obama continue to capitulate on these important issues? Why don’t he fight for the principles that got him elected?
“[W]e write to inform you that we will not agree to invoke cloture on the motion to proceed to any legislative item until the Senate has acted to fund the government and we have prevented the tax increase that is currently awaiting all American taxpayers,” the letter reads. “With little time left in this Congressional session, legislative scheduling should be focused on these critical priorities. While there are other items that might ultimately be worthy of the Senate’s attention, we cannot agree to prioritize any matters above the critical issues of funding the government and preventing a job-killing tax hike.”
We have written on the downside of these tax cuts relentlessly for months and even billionaires are seeing the folly in extending them. If the economy collapses, if the little guy stops spending, they go down too.
