Wednesday, July 18, 2012

Parties Settle In for Contentious Tax Fight

What we have here is a good old-fashioned staring contest.
Both Democrats and Republicans believe their message on the extension of the Bush-era tax cuts is a winner, and with just weeks to go before August recess, neither party is likely to back down.
House Republicans, for their part, are kicking off a 10-day messaging blitz today aimed at differentiating themselves from Democrats in the runup to the chamber’s vote on extending all of the Bush-era tax cuts.
The effort will culminate in “Stop the Tax Hike Day” on July 27 — the last Friday before the House will vote to extend the entirety of the 2001 and 2003 tax rates during the week of July 30.
House leadership is organizing Republicans to travel back to their districts and hold events with small-business owners that day, emphasizing the GOP talking point that increasing taxes on those making more than $250,000 would hurt small businesses and job creation.
President Barack Obama and most Democrats have endorsed allowing the tax cuts on those high-income earners to lapse, while extending the cuts just for those making less than $250,000.
The House GOP effort, anchored from the office of Majority Whip Kevin McCarthy (R-Calif.), will consist of op-eds, video messages, floor speeches and television and radio interviews highlighting Members’ involvement in stopping the tax hike.

Read more: http://www.rollcall.com/issues/58_7/Parties-Settle-In-for-Contentious-Tax-Fight-216221-1.html?pos=htmbtxt

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