Monday, September 20, 2010

Why not extend Obama's stimulus tax cuts?

By E.J. Dionne Jr.
WashPost
Monday, September 20, 2010

In any athletic contest, winning teams play their own game and force the other side to play that game, too. The same being true in elections, it's remarkable how timidity leads Democrats to fight this year's campaign on Republican terms.

Nowhere is this more obvious than on taxes, where the entire debate revolves around what to do about the cuts enacted under George W. Bush. Almost no one is talking about extending the progressive tax cuts that were included in President Obama's stimulus program. Nor are we discussing the impending death of a pro-work public assistance program that, for a rather modest sum, has helped provide jobs to 250,000 low-income Americans.

At least on the Bush tax cuts, Obama has drawn a clear and sensible line. He's said that Congress should extend the reductions for the middle class but not those for families earning more than $250,000 a year.

For the life of me, I don't get why some Democrats are so afraid of this vote. Substantively, most of the 31 House Democrats who signed a letter last week urging House Speaker Nancy Pelosi to chicken out of this fight claim to be deficit hawks. Why, then, add $700 billion to the deficit for the purpose of continuing a tax program that disproportionately benefits millionaires?

(More here.)

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