(CNN)–Democratic Ohio Sen. Sherrod Brown had choice words about the tax deal struck between President Barack Obama and congressional Republicans announced Monday night. He appeared on CNN's "John King, USA" following the president's press conference, which gave an overview of the deal.
Brown told CNN Chief National Correspondent John King, "In essence it borrows 700 billion dollars from China, charges it, puts it on our children and grandchildren's credit cards and gives it to the wealthiest two percent tax payers."
The senator expressed frustration over the details of the deal, which extends tax cuts for two years, saying "People say Washington doesn't listen enough. It's clear what the public was saying is 'Keep the tax cut going for the middle class.'"
And asked whether he thought Obama "caved," Brown responded "He came to an agreement that I don't agree with. I think he could have gotten a better agreement."
Brown also took aim at congressional leaders, declaring that "It's just hypocrisy from a whole lot of people in this institution that sing with that upper class accent."
Brown's seat is up for re-election in 2012. Saying, "I join most of America, I think, that this is not the right way to go," he continued, "I think the standup and fight attitude is running pretty rampant in the country and in our caucus."
I couldn't have said it better myself. It's nice to know that all because of the Republicans' efforts, my children and grandchildren will be living in a plutocracy, where 2% own everything and the other 98% are their peasent serfs.
The rethugs would all be in jail if theirs was the "real" world, which of course, it isn't. I think we call extortion and blackmail if anyone of us would have tried it.
While I don't agree with what was done at least those in unemployment (not because they want to republikans but because they can't find work) will continue to get help.
The rich . . . . . . . nothing more to say than they will get richer while the middle class disappears. But that IS all that matters for the rethugs in congress including themselves. Isn't it?
This tax cut was stupid when passed the first time. Given the deficit, it is just an outrage now. SO, exactly how do you pay down the deficit now? You just added trillions to the problem. I was for letting the entire thing expire. Those of us with jobs, are doing so much better than those unemployed or underemployed. This is a disgrace, for the GOP, and a huge failure for the President.
As much as the GOP loves to talk about how voters feel, they sit here and lie like rugs on this. The public doesn't support these huge tax give-aways for the wealthy and anything other than that is a lie. Unfortunately, Obama doesn't have the gumption to stand up to these idiots.
With what you make, you should pay wages and hire people, stop the bickering, and sign the darn bill. Let us who make money and own businesses, pay people, and not get taxed to where we have to fire people just to make it. Lord get some sense.
I thought the republicans ran on cutting the deficit?? What a stab in the back to the idiots that bought their line of crap!! There are no jobs here and they voted to cut unemployment to the very people that need it most and then turn around and give the wealthiest 2% a tax break. We haven't seen any job creation from giving them all that fat tax break for the last 9 years and we won't see any job creation now. They will pocket the money and keep living the good life and to hell with the rest od the counttry.
He senater brown could not have hit the nail on the head any harder,and the republicans say they want to be responsible with the countrys money and debt???Let this be the same lesson for them as when they shut the goverment down in the 90s vote them out,along with a lot of dems then we and only then will we see real change that you can belive in.
Look at the Wikipedia article, Taxation in the United States. It shows as the tax rates go down, total taxation goes up abruptly, 2003 $1.7 trillion to 2007 $2.65 trillion. Total taxes were flat for 2000 and 2001 at $2 trillion, and headed down in 2001-2003. The Bush tax cuts were significant as they increased total revenue (at least republicans would argue) as total revenue revenue increased $2.35 trillion between 2003 thru 2007. Income taxation, a part of the total revenue raised, went up $750 billion in that same time period. Obviously, more analysis needs to be done, but just because one raises taxation rates, that is no guarantee revenues will go up.
It seem clear lowering tax rates raises significant income taxes and has a bigger effect on raising total tax revenues. Democrats should have to show why the lowering of tax rates caused a loss of revenue; the tax receipts show otherwise.
The difference between Obama the candidate who opposed the tax cuts, and President Obama who compromised, is that now he's in a position where he will be held accountable for the performance of the economy. Intelligent liberals know that tax rates any higher than they are now would reduce revenues and further harm the economy, but they have to appease their base and play the class warfare card. After all, what else do they have?
Who the heck is this guy and where was he during the last 4 years of the Dems control of Congress while they ran the debt up by 5 TRILLION DOLLARS.
The Liberals better get used to it, President Obama has the bus in reverse and he's going to roll over all of you to try to get re-elected in 2012.
This will be fun to watch.