Washington (CNN) - A group of moderate and conservative House Democrats is urging Speaker Nancy Pelosi to temporarily extend all the Bush era tax cuts that are due to expire at the end of this year.
In a draft letter to Pelosi and House Majority Leader Steny Hoyer, these Democrats write, "We believe in times of economic recovery it makes good sense to maintain things as they are in the short term, to provide families and businesses the certainty required to plan and make sound budget decisions. Providing this certainty will give small businesses, the backbone of our economic recovery, confidence and stability."
The Democrats' letter is not finalized yet, but is being circulated by Rep. Jim Matheson, Utah, a leading Blue Dog, New Democratic Coalition leader Rep. Melissa Bean, Illinois, Rep. Glenn Nye, Virginia, and Rep. Gary Peters, Michigan, according to two Democratic aides familiar with the latest version.
Republicans have been arguing that not extending all the of current tax rates amounts to a tax hike. Pelosi and other leaders are mulling over whether to move forward with a vote on a bill that would just extend the tax cuts for Americans making up to $250,000. The letter reflects the unease a number of House Democrats have with that proposal because it could open them up to criticism that ignoring the top rates would impose a steep tax increase on small businesses.
But House Republican Leader John Boehner said on CBS' "Face the Nation" Sunday he could support a bill just extending the tax cuts for those earning $250,000 if that was the only option. Boehner's signal that he's open to a compromise could give Democratic leaders an opening to move ahead with that bill.
What BALONEY..... who benefits from extending the Bush Tax Cuts for the rich?
THE RICH..... no one else benefits and no jobs are created....
TAX THE RICH
These people are just trying to save their political careers because they helped maintain the Obama economic program that has led to our economy being in the toilet. Do they seriously think Pelosi cares about them?She got more important things to do like draining the swamps of people like Charlie Rangel and Maxine Waters.
Not good Mr. Matheson, you and the others are not following Pelosi and Reed's party lines.
Bad plan, they are hoping that by extending the tax cuts for the very rich for two years that the Republicians will have control of the House and then the cuts will be made permanent.
What are the chances she listens to even her own party? This lady is all about herself and her legacy.
Why should those that make so much continue to get a break? Where are their charitble dollars going that we should give them such a break? If they were setting and funding food banks, shelters and other places to get and keep people stable, then I would be more for it. As of now, I don't see enough of it.
Those democrats that want to extend the Bush tax credits for two more years need to retire from congress .
Don't listen to them Nancy! The Blue Dogs are traitors to The Democrats!!!!!
DO NOT EXTEND THE TAX CUTS TO THE WEALTHIEST 2% of this country.
Someone has to explain to me why these money grubber leeches need another tax cut extension when after TEN YRS -the economy is in the toilet.
Wasn't the bush rationale that bestowing this wonderful gift upon his most grateful of contributors that the end result would mean all of this loose money would create tons of jobs and the economy would just be booming.
The only thing booming is his pals bank accounts to the detriment of the other 98% of us.
All this tax cut has created is a bloated deficit and more poverty to our struggling tax payers.This is an outrage and a total disgrace and has to be terminated.
Cuba is laying off 500,000 people and allowing more private business as they are now seeing that Capitalism is the only way to keep a country moving forward... HOWEVER
Our current administration is doing one thing after another to quell small business while the Federal Government is hiring more people and faster than any other employer. STOP THEM NOW!!!
this is where Pelosi could learn from the Republicans: "NO!"
Here is the argument that no one is making. The Tax Cuts were put into play in 2001 and 2003, how did that help to keep jobs here? If the business' have these tax cuts now, why are they not hiring? Here is there response, "we cant hire when we do not know where everything is going to be." Let me ask you, please everyone answer. If you owned a company and all of your employees say that they are not going to do work unless you announce whether or not they are going to keep their raise, specifically when you company is not doing well, what would you do? would you not find other people to fill their shoes? Why are we not doing that with these business'. these business' got PAID FOR SHIPPING JOBS OVERSEAS!!!!!!!!!! IF THESE TAX CUTS ARE SO GREAT AND WILL MAKE EMPLOYERS HIRE, WELL WHY WERE THEY SHIPPING JOBS OVERSEAS WITH THESE TAX BREAKS????????
OH I KNOW, ITS OBAMA'S FAULT. HE CREATED THE UNEMPLOYMENT, ITS JUST FUNNY THAT UNEMPLOYMENT NUMBERS CHANGED IN 2006, IT HAD THE HIGHEST INCREASE IN OUR HISTORY AND NOTHING WAS MENTIONED. OH I FORGOT, ITS OBAMA'S FAULT. A PRESIDENT THAT HAS BEEN A PRESIDENT FOR LESS THAN 2 YEARS, ITS ALL HIS FAULT. I MEAN WE'VE HAD WHITE PRESIDENTS FOR OVER 200 YEARS AND WE NEVER HAD THIS ISSUE BEFORE, I MEAN, BACK IN THE 20'S WAS WAS OBAMA'S FAULT CAUSE HIS FATHER WAS BORN AROUND THAT TIME, AND HE WAS A MUSLIM!!!!!!!!!!!!!!!!!!!!!!!!!!!!
THIS IS GLEN BECK SIGNING OFF.
NO to the blue dogs!!!!!!!!!!!!!!!!!
Nancy Pelosi is just pure evil! She is so out of touch with middle class America that it is frightening and what is even more frightening is the fact that she doesn't care! She married into money, makes a lot of money herself, and tax hikes – who cares – she has the money to pay for it. She has a job – but 10% of Americans are out of jobs. Does it effect her – hell no!
Nancy, take your botox face and stick it where the sun doesn't shine!
Here we go again. Why not make the rich pay their share of taxes? I can see why the democrats may loose seats in Congress, Senate and the House. The Blue Dog democrats are really Republicans, so I am not suprised that they want to continue the Bush tax cuts. Have these so called Blue Dog democrats ever supported President Obama on any on his proposals? The Democratic Party is slowly loosing edge because they will not stick together.