January 17th, 2008
11:46 AM ET
7 years ago

Push to make Bush tax cuts permanent delayed

WASHINGTON (CNN) - Despite it being one of their top priorities, congressional Republicans won’t push to make permanent many of the expiring tax cuts enacted in President Bush’s first term as part of an upcoming economic stimulus package, two Senate Republican leadership aides told CNN.

“I don’t think we can get 10 Democrats to support it,” said one of the aides who noted that such meager Democratic support would keep the proposal from getting the 60 votes it needs to pass the Senate.

In early positioning over the issue, Democrats had bluntly warned Republicans making permanent the controversial tax cuts was a non-starter and that a protracted battle over the issue could stall speedy passage of a stimulus package.

“Renewing the Bush tax cuts, which don’t expire until the end of 2010, should be off the table because they will thwart any chance of passing any stimulus,” said Sen. Chuck Schumer, D-NY, a leading Democrat on the issue.

Republicans won’t abandon their efforts to make permanent the cuts, the aides said, but will wait for another day to make their case. Without congressional action, several tax rates will go up beginning in 2009 including rates on income taxes, dividends, capital gains, and the estate tax.

–CNN's Ted Barrett, Brianna Keilar and Deirdre Walsh


Filed under: Congress • President Bush
soundoff (65 Responses)
  1. Bob, Roxboro, NC

    Ca Native,

    You must be making out real well with Bush economics. One thing I'd bet,,you don't get dirt under your nails at work.

    Last time I looked,, "fair", although a four letter word was not a dirty word. All the vanishing middle class are asking for is equitable taxation and equitable opportunities.

    The big business and big money interests act as if they're gut-shot at that prospect!

    So far the only thing I see trickling down is urine!

    January 17, 2008 08:08 pm at 8:08 pm |
  2. Richard, West Palm Beach, FL

    Democrats are "tax and spend". Bush is just "spend".

    January 17, 2008 08:30 pm at 8:30 pm |
  3. Jack

    Ca native – your full of crap!

    January 17, 2008 08:41 pm at 8:41 pm |
  4. Jack

    Censorship!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    January 17, 2008 08:42 pm at 8:42 pm |
  5. ED WinterPark fl

    big business do not worry I am sure that this demo congress will once again cave in to this admin and you will get the lions share of any tax rebate or benefit from the [SIC] solution to this current recession.

    January 17, 2008 09:23 pm at 9:23 pm |
  6. Jack

    This Blog is useless because of the censorship! What ever happened to freedom of speech?

    I guess big business interests or the interests of the wealthy owners trumps all!

    January 17, 2008 09:27 pm at 9:27 pm |
  7. Jack

    "Ca Native January 17, 2008 7:18 pm ET

    SOCIALISM on the rise!!"

    Is OK but, my comments get "moderated"?

    January 17, 2008 09:42 pm at 9:42 pm |
  8. mr.fair tax

    FAIR TAX BABY-ALL DA WAY!!!!!!!!!!!!!
    READ THE BOOKS PEOPLE!!!!!
    BUT YOU GUYS KNOW BETTER!!
    RIGHT!
    LMAO
    FOOLS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    January 17, 2008 09:57 pm at 9:57 pm |
  9. Bubba

    Ca Native you wrote:

    Ca Native January 17, 2008 7:18 pm ET

    SOCIALISM on the rise!!

    Currently (under the Bush tax cuts) the top 10% of wage earners pay 66% of ALL the bills. Once the democrats bring back the death-tax (estate tax) and revert higher taxes back on middle class and higher wage earners…. this economy will fly past the "recession" status and enter into "depression".

    But hey… they'll find a way to blame Bush long after he is out of office! Get ready for 40% average tax rates, yall. Hope that makes you happy!

    That is a complete lie! The middle class are paying more now than since the "New Deal" The top 10% should pay a progressive tax like they did before Reagan.

    January 18, 2008 12:49 am at 12:49 am |
  10. AJ; Montpelier, VT

    Patty D. posted:
    "They must rescind the tax cuts for the wealthy. The middle class is dying. We must restucture our entire tax code. The wealthy have it far to easy. With two wars going on, healthcare crisis, and outsourcing of jobs have crippled American workers."

    So, the wealthy should be punished for hard work and ambition? The wealthy need to be penalized because Patty and people like her didnt have the gumption to make something of themselves? I'm not wealth by any definition of the word. This view some americans have of passing on the burden to the wealthy is really un-American. Maybe Patty, if you save some of your nickels you can go to Wal-Mart and buy some big girl pants and really get it figured out that life is not fair. And for everyone whining about the plight of the middle class here in American, please give me a break. The middle class is not wanting for much. We purhcase luxury items by the truckload that in our parents or grandparents generation would have been completely out of their reach.
    Suck it up, stop whining, and carry on. We have more than anyone else on earth.

    January 18, 2008 07:51 am at 7:51 am |
  11. S.B. Stein E.B. NJ

    There needs to be an understanding that everyone needs to pay a share to support society. I find the fact that most weathly Americans and many American businesses don't support local charities or schools. If that were to happen on a large and consistant basis, then I might be in favor of lowering the tax rate on these people. I have to say that there are far too many people who do nothing with their weath and horde it. If they aren't going to support the rest of society, then tax them to make them do it!

    January 18, 2008 09:53 am at 9:53 am |
  12. Ann

    Dems do not want to help the middle class, they will not make the tax "cuts" law. Democrats want to "increase" taxes and thereby increase the burden of the already over-burdened middle / lower class Americans. How does anyone rationalize supporting these liars.

    January 19, 2008 12:42 am at 12:42 am |
  13. dick gracey

    The REASON for tax reductions or cuts (seldom printed) is tto keep the money in
    productive circulation where it can create wealth AND JOBS!

    January 20, 2008 11:25 am at 11:25 am |
  14. dick gracey,Michigan

    The REASON for tax reductions or cuts (seldom printed) is to keep the money in
    productive circulation where it can create wealth AND JOBS!

    January 20, 2008 11:29 am at 11:29 am |
  15. joyce gosser

    if bush passes this tax break. i think the 1600.00 should apply to single mom dads.and grandparents. who bread winers not just married couples. children should come first .i hope president bush reads this.e mail i want answer. joyce

    January 22, 2008 12:44 am at 12:44 am |
1 2 3

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.