Republicans, Pass a Permanent Extension of Bush Tax Cuts, Leave Town, and Have a Merry Christmas
Republicans should let Barack Obama jump off the “fiscal cliff” if he wants, but they can also do something productive for the American taxpayers. That is why the American people gave them huge majorities in the House of Representatives in both the 112th Congress in 2010 and in the 113th Congress in last month’s election. The Republicans in the House of Representatives should pass a permanent extension of President George W. Bush’s 2001 and 2003 tax cuts, leave town and have a Merry Christmas.
Newt Gingrich was quoted in a “NewsMax.TV” article on Saturday that he is almost afraid that agreement will be reached to avoid the country from going over the so-called “fiscal cliff,” because “the agreement will be ‘a really bad deal.’” Remembering past deals such as the one President Ronald Reagan said was one of his worst decisions -- i.e. Reagan said he would deliver $1 dollar in tax increases for every $3 of federal spending cuts offered by then-Speaker of the House Tip O’Neill -- Speaker Gingrich said, “I don’t see any evidence that the president is prepared to deliver liberal Democrats in the Senate for any kind of spending cuts that matter.”
Of course, as in all deals with Republicans, Speaker O’Neill and his Democrats broke their promise. The Reagan tax increases became law. The Democrats did not deliver cuts in federal spending as they never do in such deals including the one which lost George H. W. Bush his reelection bid after breaking his “Read my lips: no new taxes” pledge at the 1992 Republican convention.
Speaker Gingrich pretty much has a similar solution to the one I have been suggesting since inane talk about the “fiscal cliff” began being circulated by the Democrats, and their allies in the mainstream news media, to scare the American people and intimidating and frightening Speaker John Boehner into giving away the store.
“Newsmax.TV” reports that Speaker Gingrich “said House Republicans will be better off passing two tax bills before the end of the year. One would involve no tax increases for anybody, and the other would have no tax increases for anyone but the top two percent according to wealth.” And then Gingrich said, the Republicans should leave town.
Speaker Gingrich does not mention, as I propose, having the Republican-controlled House of Representatives pass as their first bill in the new 113th Congress on January 3rd (right after the Congress is sworn into office), House Resolution 1 -- designated as such by the Republicans as their most important bill of that new Congress, H.R.1 -- a bill to permanently extend President George W. Bush’s 2001 and 2003 tax cuts. And, by the way, Gingrich’s second suggested bill, mentioned above, is unnecessary since it would only divide principled conservatives from other Republicans.
Regarding the “Politico” article entitled “Fiscal cliff talks: Speaker John Boehner pitches millionaire tax hike,” which was reprinted in Sunday’s “Conservative News Alert” under the title “Boehner Caves; Obama Says ‘Not Good Enough,’” Speaker Boehner’s tax increase proposals will never be enough for Obama and his Democrats. Pass a permanent extension of the Bush tax cuts Republicans, get out of town, and have a Merry Christmas.