Washington (CNN) – On the same day Congressional and White House negotiators met to broker a compromise on how to deal with the Bush-era tax cuts that are expiring at the end of the year, House Majority Leader Steny Hoyer announced that House Democrats would push ahead on a vote Thursday to permanently extend tax breaks just for those making $250,000 a year or less. Republicans argue tax cuts should be extended for everyone, including the wealthy.
Hoyer said the House bill would include permanent extensions of income tax rates for the middle class, plus tax breaks for married couples, the child tax credit, and the earned income tax credit.
The Maryland Democrat insisted that there was common ground between Republicans and Democrats on ensuring there are no tax increases for people making $250,000 or less and cited several polls showing the American public supports this approach. "We have agreement on that. There is not agreement on other aspects of issue, as you all know. But it is a shame that what we have agreement on is being held hostage by that on which we do not have agreement."
Hoyer maintained that moving forward with just a vote on the so-called middle class tax cuts would not interfere with the negotiations on the broader tax cuts, telling reporters Wednesday he spoke with the House Democratic negotiator in the talks, Maryland Democratic Rep Chris Van Hollen. "He and I both agree that this matter moving forward should not undermine negotiations on a compromise," Hoyer said.
Outgoing House Speaker Nancy Pelosi told CNN the vote was always part of the Democrats' plans and was intended to press the importance of their policy stand.
"To show our position very clearly that Democrats support tax cuts for the middle class. We think it is fairer thing to do and is necessary at this time in our economy," Pelosi said.
Hoyer emphasized that Democrats are following through on a commitment to avoid tax increases on the middle class. Republicans, he said, are the ones who decided in 2001 to let the tax cuts expire this year. "It is an effort to show, as we said before the election, that we were going to make sure the middle income working men and women of America did not have the consequences of the Republican sunset."
House GOP Whip Eric Cantor said in a statement the Democrats' plan is a "non-starter, and is completely contrary to the discussions that we had with the President yesterday at the White House. This is nothing more than political chicanery and undermines the President's ongoing discussions and efforts on tax rates."
Cantor said the tax cuts should be extended for everyone.
"We call on Speaker Pelosi and President Obama to stop the gimmicks and allow all members of the House – Republican and Democrat – to vote on legislation that would prevent tax increases for every American, "he said.
What discussion is Cantor talking about? While the Republicans were meeting with the president, they were clandestinely circulating a paper eliciting from their members, commitment to undermine the outcome of the discussion. Two can play. Cantor, man up and show your hands. Vote against the tax cut for the middle class.
Just wondering, how many Americans now wish they had voted against them repugs?
They're all fiddling while Rome is burning in debt.
I would fit into this category as combined earned income below 250000, well below that infact. But I FAIL to see how giving anyTAX breaks when our country is broke passes the sanity test. Not only that but to make them PERMANENT??? This is a great ploy to force someone else (hint political party) to raise taxes on us (read return to previous level) in order to make our finances whole..... get a grip america, we spent it, we gotta pay for it...no more republican credit card spending mentality can be tolerated...
Once again, the democrat liberals pushing their agenda in spite of the demonstrated and stated desires of the American people, just like health care reform. Just more political stunting and class warfare. Democrat liberals are devoted to turmoil and theft of tax money. The think the money we earn is theirs and they know how to spend it better than we do. It is arrogance and elitism, it is democrat liberalism.
Now we shall see which Republicans will vote against the Holy Tax Cut.
Steny has bigger problems than the middle-class tax cut. His district borders DC, so the fact that he's going down like a mouse on the Civil Service wage freeze is going to cost him big time.
Doubt that it will pass, but he's welcome to go for it. The GOP will oppose it, tooth and nail.
As my mom said (an elderly woman on fixed income) let all the damned borrowed dollars from China stay in China. We don't need to borrow money to give ANYONE tax cuts, especially the wealthy ones that have sent all our jobs overseas.
Let them ALL SUNSET Dec. 31 !!
Raise it three percent on those earning one million (annually) and up. There's a pile of money for you.
Then across-the-board cuts to all federal spending and we might make some real "progress."
But I really don't undertand what in the world liberals are trying to accomplish, ultimately. You are never going to get rid of the rich or the poor in society; this country is not a commune. Frankly, artificially empowering the "impoverished" (who, oddly enough, seem to own plenty of Blu-Ray players, smart phones and very large, aftermarket-wheeled motor vehicles with poor fuel economy) seems to have had the unfortuate result of messing up the culture in any number of other ways...
OMG – If the Democrats STICK WITH THIS, it would really show that they have GUTS!!!! Is it really going to matter what is done now? If it is something the RepubliCAN'Ts DON'T want – they will REPEAL it – just like everything else they feel needs to be REPEALED!!! All I can say is – GOOD LUCK ON THE REPEALS!!!
We need to STOP this nonsense – there are MANY people out there that would NEVER see $250,000 a year in their lifetime and they WORK very hard to make what they are making.... AND, we survive and still pay TAXES!!!! For ten years, this CRAP was going on and NONE of it was PAID FOR – now it's time to PAY for it!!!
The RepubliCAN'Ts know that the ONLY SURE thing about taxes is knowing at this moment that it will be CUT – END for the Millionaires/Billionaires!!! The UNSURE thing that can happen now is to keep EXTENDING the TAX CUTS and extending the Tax Cuts, etc. The BIG CORPs and RICHY RICHES will still be UNSURE as to when it’s going to END so therefore, they will continue NOT to HIRE!! The RepubliCAN’Ts argued this “UNSURITY” during the whole campaign that DID NOT make any sense. Come on NOW – We're NOT stupid.
President Obama – Please continue to MOVE AMERICA FORWARD for all Americans and NOT just the RICH and FILTHY RICH. In the end, WE ALL WORK and do our part and we are all Americans!!!
If Democrats let the tax cuts stay for the rich, I'm changing parties. They've had them for over ten years with no results. Everyone else has to tighten their belts, the rich should tighten a little harder – they can afford it. If Obama extends the tax cuts for the rich while letting unemployment benefits expire, he's toast.
I wish I could understand why people who claim to be tea partiers, republicans that are not millionaires, billionaires vote for the republican party. I live in a middle class neighborhood and I see people with their beat up P/Us, trucks with republican stickers on their vehicles and I wonder how can these people vote so millionaires, billionaires can have more millions, billions? It doesn't make sense, then it hits me. If these people are so masochist that don't care about their children, their well-being, what could be their mojo? And by looking at the people who show up to their meager marchs, protests and I see their true colors: Racism. The only thing holding together this cast of misfits is their rage about having a black as president. There can't be the bail outs, because Bush gave the his crooked friends the largest ever and without any strings attached and thes phony as a three dollar bill were nowhere to be found. You can dressed a monky with lace and sattin, but that monkey is still a monkey and forever a monkey will be. The same happens with racist people. Until America can look past the color of the skin, racism will be alive and well in America and these politicians that, supposedly got elected corroborates it. They can take the country out of the racist, but not the racism out of the racist.
On Oct. 22, 1986, President Ronald Reagan signed into law the Tax Reform Act of 1986. Reagan called the 829-page, 33-pound bill 'the most sweeping overhaul of the tax code in our nation's history.' "The new code gradually phased out all deductions for interest paid on car loans, charge-account purchases, vacations and anything else that fell under what the law termed 'consumer loans.' Nobody seems to remember that one of the biggest tax hikes in American History was signed into law by a Republican President (the end result of doing away with these deductions). Why not bring back some of these deductions? For example allow some of the interest on a car loan and a credit card purchase to become a deduction again under the tax code. This could benefit everyone. This is something that could help the economy and at the same time offer tax relief for all Americans.
So, the rich get tax cuts or no one does. Hmmmmm.
What a total disregard for the wishes of the American people. We voted on November 2nd, and rejected the Democrats' agenda, including raising taxes on anyone. Steny Hoyer is a sore loser!
Go ahead Hoyer and bring that to a vote and the Republicans should vote AGAINST it because YOU and the DEMOCRAT party do not understand Economics and that ANY TAX INCREASE will negatively affect the economy. Therefore you either are FOR our country recovering (i.e. NO TAX INCREASES TO ANYBODY) or you are AGAINST this country recovering. I suggest you bring a vote to the floor not to increase ANYBODY'S taxes and see if the Democrats have the kahunas to vote against THAT where EVERYONE'S taxes will go up. So which is it? Are you going to kill any chance for an economic recovery but increasing everybody's taxes or are you going to follow the theory found in every entry level Economics 101 class in that you should NEVER increase taxes during a recession? Well, what is it?
Finally. This is what the Dems should have been doing all along. It's very simple, who does the GOP support: Middle Class or Wall Street? We all know the answer. We all know that these unpaid tax breaks have not resulted in JOBS, too. There goes that paper thin talking point Cantor. Less taxes has not equated to JOBS. We're saying tax the wealthy and the corporations. Want a tax break? Put the $ back into the company and create jobs, otherwise pay up instead of trying to continuously line your already fat pockets. Yep GOP the American people have spoken - enough Wall Street favors.
Hey Johnny Boner, where are the jobs???
Take the vote!
The Rethugs don't control the House yet.
Seriously? After holding the entire legislative agenda hostage, cantor comes out with this nonsense? Which part of 'the american people don't want this' do the republicans not understand?
And why is CNN so hell bent on painting the republicans' determination to force this down the public's throat as bipartisanship?
You guys are seriously losing credibity here.
This would be a great time for the 'Do Nothing Congress' to earn its name: Do Nothing!
Let all the tax cuts expire, as W and the repugs intended when the cuts were put in place.
We have gotten out of recessions before with much higher tax rates. These Bush Tax Rates are not written in stone.
"Republicans, he said, are the ones who decided in 2001 to let the tax cuts expire this year." – Hoyer. I might be wrong, but wasn't it the Dems that requested the sunset of the reduction in taxes for all taxpayers at the end of 2010 in order to have the measures pass?
It mystifies me that if there is something that Democrats and Republicans agree upon.....extending tax breaks for those making $250K or less.......that there isn't a unaminous vote in both houses of Congress to do so. The disagreement is centered around those whose income is higher. I'd say that's it's common sense to delay the tax cuts for the more wealthy until the new Congress convenes. After all, the GOP have pledged that legislation under their watch must contain only one issue at a time. The issue is whether or not the tax cuts for high income earners should be extended. Will it hurt the economy? Will it help the economy? It's a critical issue for debate....don't ya think?
The American People should file an injuction on the newly elected congress and senate until this is resolved. They should also have their paychecks, staff funding, campaign finances stopped/seized/blocked until there is a vote. The people currently in office have a duty to fulfill and the GOP's hostage taking approach has gone too far. The American people may have elected a new regime to start in January but it does not give the current folks in office a pass on working together to get this measure resolved in a timely fashion. They have been talking about if for months at nausium.
Time for action not words or hiding b/s party alliances. YOU WORK FOR US ... THE AMERICAN PEOPLE. NOT FAT CATS OR THE WEALTHY.
Wow, same ole' Steny! I wonder if he'll waste any time reading what's in THIS bill. He publicly admitted that he didn't bother on the Health Reform Act. I suspect He and other Dems are positioning themselves to push through a vote during Lame Duck. America is tired of positioning. The Repubs should stand ground and protect all Americans for the impending tax increases coming January 1st. If they agree on limiting the increase to only those below $250,000, what leverage do they have to "negotiate" with Dems on? Here's a compromise: How about capping the tax increases to those making $500,000 or more? Hmmm..did ANYBODY think about real compromise?