Wednesday, September 15, 2010
House Dems divided over Obama's tax plan.
WASHINGTON — Congressional Democrats are confronting deep divisions within their nervous ranks over whether to support President Barack Obama's plan to raise taxes on the wealthiest Americans — or just punt the entire matter until after voters go to the polls Nov. 2.
Democratic leaders committed to Obama's proposal were hearing Wednesday from endangered lawmakers who fear that raising taxes on anyone in a weak economy could be politically lethal.
"Don't raise taxes in a recession," said Rep. Earl Pomeroy, D-N.D.
Democratic leaders refused to say whether they were open to changing Obama's plan, or even commit to a vote before the balloting seven weeks off. Instead, they called House Democrats together Tuesday night to discuss a poll showing that extending tax cuts for middle-income earners was a winning strategy for the party.
House Speaker Nancy Pelosi made the case that Obama's plan was "good policy and good politics," her spokesman said.
Not everyone was convinced. A group of moderate and conservative House Democrats was collecting signatures on a letter calling for Democratic leaders to offer a bill extending tax cuts for all Americans. Broad tax cuts passed during the George W. Bush administration are due to expire at the end of the year.
"We are in listening mode," said Rep. Chris Van Hollen of Maryland, who heads the House Democrats' campaign committee.
A fuller discussion was expected at the House Democrats' weekly meeting Wednesday, but it was canceled.
This was not the debate Democrats wanted as the midterm election season opened. The plan was to make an extension of the middle-class tax cuts the party's closing argument — against Republicans, not each other — as voters began to focus on whether they trust Democrats to improve the ailing economy enough to reward them with control of Congress for another two years.
Instead, Democrats who already have cast tough votes on bills overhauling the nation's health care and financial regulatory systems are questioning the wisdom of debating a pocketbook issue just when voters are starting to pay attention to the election.
All 435 seats in the House, 37 in the Senate and the Democratic majorities in both are on the line.
The rift among Democrats contrasts with strong unity among Republicans in supporting a full renewal of all tax cuts, regardless of income, despite a 10-year cost to the government of about $700 billion above Obama's plan. Still, House Republican leader John Boehner said over the weekend he would vote to extend the relief only for middle-income Americans if that were the only option available.
Some House Democrats, particularly moderates facing difficult re-election battles in districts carried by GOP presidential nominee John McCain two years ago, agree with a proposal offered by Republicans for a short-term renewal of all of the Bush-era tax cuts.
"We look forward to working with you to extend all income tax rates," a small group of conservative-to-moderate House Democrats wrote in a draft letter to party leaders as lawmakers trickled back into town Tuesday from their summer break.
Democratic Reps. Jim Matheson of Utah, Melissa Bean of Illinois and Glenn Nye of Virginia were circulating the letter for more signatures and were picking up support.
On the Senate side, Sen. Dick Durbin of Illinois said most Democrats support Obama's plan to allow income tax rates on family income exceeding $250,000 to rise to as high as 39.6 percent. But he also said some want to raise the amount of income exempted from the higher rates above the $250,000 figure called for by Obama — while not advocating a full renewal for, say, millionaires.
"Some people think it should go beyond $250,000, but how much and for what period of time is still being debated," Durbin told reporters Tuesday.
The cost of extending the tax cuts for everyone for the next 10 years would approach $4 trillion, according to congressional estimates. Eliminating the breaks for the top earners would reduce that bill by about $700 billion. A one-year extension of the lower rates for high-income earners would cost the government $39 billion.
Associated Press writer Andrew Taylor contributed to this report.
Democratic leaders committed to Obama's proposal were hearing Wednesday from endangered lawmakers who fear that raising taxes on anyone in a weak economy could be politically lethal.
"Don't raise taxes in a recession," said Rep. Earl Pomeroy, D-N.D.
Democratic leaders refused to say whether they were open to changing Obama's plan, or even commit to a vote before the balloting seven weeks off. Instead, they called House Democrats together Tuesday night to discuss a poll showing that extending tax cuts for middle-income earners was a winning strategy for the party.
House Speaker Nancy Pelosi made the case that Obama's plan was "good policy and good politics," her spokesman said.
Not everyone was convinced. A group of moderate and conservative House Democrats was collecting signatures on a letter calling for Democratic leaders to offer a bill extending tax cuts for all Americans. Broad tax cuts passed during the George W. Bush administration are due to expire at the end of the year.
"We are in listening mode," said Rep. Chris Van Hollen of Maryland, who heads the House Democrats' campaign committee.
A fuller discussion was expected at the House Democrats' weekly meeting Wednesday, but it was canceled.
This was not the debate Democrats wanted as the midterm election season opened. The plan was to make an extension of the middle-class tax cuts the party's closing argument — against Republicans, not each other — as voters began to focus on whether they trust Democrats to improve the ailing economy enough to reward them with control of Congress for another two years.
Instead, Democrats who already have cast tough votes on bills overhauling the nation's health care and financial regulatory systems are questioning the wisdom of debating a pocketbook issue just when voters are starting to pay attention to the election.
All 435 seats in the House, 37 in the Senate and the Democratic majorities in both are on the line.
The rift among Democrats contrasts with strong unity among Republicans in supporting a full renewal of all tax cuts, regardless of income, despite a 10-year cost to the government of about $700 billion above Obama's plan. Still, House Republican leader John Boehner said over the weekend he would vote to extend the relief only for middle-income Americans if that were the only option available.
Some House Democrats, particularly moderates facing difficult re-election battles in districts carried by GOP presidential nominee John McCain two years ago, agree with a proposal offered by Republicans for a short-term renewal of all of the Bush-era tax cuts.
"We look forward to working with you to extend all income tax rates," a small group of conservative-to-moderate House Democrats wrote in a draft letter to party leaders as lawmakers trickled back into town Tuesday from their summer break.
Democratic Reps. Jim Matheson of Utah, Melissa Bean of Illinois and Glenn Nye of Virginia were circulating the letter for more signatures and were picking up support.
On the Senate side, Sen. Dick Durbin of Illinois said most Democrats support Obama's plan to allow income tax rates on family income exceeding $250,000 to rise to as high as 39.6 percent. But he also said some want to raise the amount of income exempted from the higher rates above the $250,000 figure called for by Obama — while not advocating a full renewal for, say, millionaires.
"Some people think it should go beyond $250,000, but how much and for what period of time is still being debated," Durbin told reporters Tuesday.
The cost of extending the tax cuts for everyone for the next 10 years would approach $4 trillion, according to congressional estimates. Eliminating the breaks for the top earners would reduce that bill by about $700 billion. A one-year extension of the lower rates for high-income earners would cost the government $39 billion.
Associated Press writer Andrew Taylor contributed to this report.
Survey Shows Obama Still Popular in Europe.
A survey shows support for U.S. President Barack Obama has fallen in Europe, though his popularity still remains high.
Tuesday, September 14, 2010
Obama's school speech released.
Obama says to the children of Masterman High School in Philadelphia,
Here is the video link.http://www.youtube.com/watch?v=rYEKZhIy-NM&feature=player_embedded#!
????
"A lot of you are having to act a lot older than you are; to be strong for your family while your brother or sister is serving overseas; to look after younger siblings while your mom works that second shift; to take on a part-time job while your dad is out of work.
It’s a lot to handle; it’s more than you should have to handle. And it may make you wonder at times what your own future will look like; whether you’ll be able to succeed in school; whether you should set your sights a little lower, and scale back your dreams.
But here is what I came to Masterman to tell you: nobody gets to write your destiny but you. Your future is in your hands. Your life is what you make of it. And nothing - absolutely nothing - is beyond your reach. So long as you’re willing to dream big. So long as you’re willing to work hard. So long as you’re willing to stay focused on your education.
That last part is absolutely essential - because an education has never been more important. I’m sure there will be times in the months ahead when you’re staying up late cramming for a test, or dragging yourselves out of bed on a rainy morning, and wondering if it’s all worth it. Let me tell you, there is no question about it. Nothing will have as great an impact on your success in life as your education."
Here is the video link.http://www.youtube.com/watch?v=rYEKZhIy-NM&feature=player_embedded#!
????
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