Friday, December 10, 2010

Republicans and President Near a Bush Tax Cuts Compromise


After lots of debate, the Democrats are nearing a compromise with the Republicans on the subject of the Bush tax cuts and whether they will stick or not. Many senior Democrats have admitted defeat over the issue and are dismayed by it. The number two Democrat in the Senate, senator Richard J. Durbin of Illinois was asked if the Bush tax cuts would be kept in place even for the wealthy, and he said "We’re moving in that direction, and we’re only moving there against my judgment." The Republicans have thrown out that they may agree to extend jobless aid for the long-term unemployed. Many Democrats are upset over the direction of this decision, given that they do not believe that the rich should continue to have tax cuts. However the White House is eager to reach a decision soon, even if that means compromising with the Republicans. The Democrats only have hope in that it will be a temporary extension, although the Republicans seek to extend as long as is possible.

I believe that the rich should not have tax cuts, because the country is so needing money in this time that to let the rich get away with this is unfair. However I do think that a decision does need to be made, even if that means the Democrats need to give in to the Republicans. If they move on quickly, then perhaps they can move on to other issues like focusing on the repeal of the "Don't Ask, Don't Tell" law.



http://www.nytimes.com/2010/12/06/us/politics/06cong.html?ref=democratic_party

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