Republicans and Democrats Both Want Tax Vote Before November
Republicans believe they have a great way to ensure the will win in November — run on taxes.
According to Politico, the GOP leadership is considering trying to accelerate a vote on extending the Bush era tax cuts in order to get politicians on record prior to election day. “House Republicans think a fight over taxes would be a political winner for them. President Barack Obama has advocated for raising taxes, especially on families making more than $250,000 per year. And Republicans have fought to keep all taxes low, arguing that any increase could upset the still-fragile economic recovery. And a floor fight could help Republicans politically with investors, GOP allies in corporate America and the affluent.”
If the GOP really wants to open up the tax discussion, the Democrats are ready to take them up on it. On their agenda? The Buffet rule — a tax increase for anyone making more than $1 million annually.
To add to the theater, they’re proposing to vote on April 16th. Tax Day.
Much like the Ryan plan, the Buffet tax is more pomp than promise. The bill, even if approved by Senate, will never become a law as passage in the Republican-dominated House is nearly impossible.
But hey, at least everyone will get to say they voted on taxes before election day. The question is whether voters will like what they saw.
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