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October 01, 2008 – Comments (2)

Personally, I thought the bailout bill that failed was the best we could expect in a bad situation. Now, however, we're entering the land of horse trading, with "tax cuts" being tossed in as a way of trying to buy back a few of those dozen votes.

I don't really understand how stapling unrelated junk onto the bill makes things easier, but there are many reasons I'm not a politician.

On NBC’s “Today” program Wednesday morning, Mr. Hoyer, said he was concerned that the tax issues could complicate the chances of passage when the legislation comes back to the House floor for a vote.

“There’s no doubt the tax package is very controversial,” he said, according to The Associated Press, ”There’s no doubt in my mind that the Senate added this because they thought that’s the only way they could get it passed.” He said, however, that he was not pleased the tax provisions were attached to the bill.

Times story here.

2 Comments – Post Your Own

#1) On October 01, 2008 at 9:16 AM, jack21222 (98.34) wrote:

They're trying to buy back some Republican votes. That's something I've never understood about the Republican party. They deride the Democrats for being a "Tax and Spend" party, while they're in the awkward position of being the "Borrow and Spend" party.

As I just posted on my blog, making a big expense while simultaniously cutting taxes is just as smart as buying a brand new car, while simultaniously cutting your hours at work. 

As much as I love lower taxes, I hold the whacky belief that tax cuts should be accompanied by spending cuts. 

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#2) On October 01, 2008 at 3:05 PM, TMFBent (99.81) wrote:

As much as I love lower taxes, I hold the whacky belief that tax cuts should be accompanied by spending cuts. 

And that's what makes you a commie pinko! (like me) ;)

Sj - still not resigned to believing that crushing debt is the American way.

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