President Obama’s logic is unassailable, regarding his proposed extension of only the middle class tax cuts enacted under W. Bush:
…we all say we agree that we should extend the tax cuts for 98 percent of the American people. Everybody says that. The Republicans say they don’t want to raise taxes on the middle class. I don’t want to raise taxes on the middle class. So we should all agree to extend the tax cuts for the middle class. Let’s agree to do what we agree on. Right?
Well, right? Who can’t see the logic in that? This who:
A spokesman for John Boehner said of a threatened presidential veto of a bill that extended the middle class cuts but also included an extension of tax cuts for the wealthy:
We’ve heard it all before, but the president has even fewer Democratic allies in Congress than he did two years ago, when he signed a full extension. No one believes the president would really derail our economy just to fulfill his quixotic desire for small business tax hikes.
A spokesman for Mitch McConnell said:
It’s certainly interesting that the president’s commitment to raising taxes on nearly a million small businesses would extend to him vetoing a bill that, to get to his desk, would have passed in both a Republican House and a Democrat Senate.
Whether Republicans will get away with, as Mr. Obama said, holding the middle class hostage once again in order to protect the wealthy from tax rates that existed under a prosperous Clinton administration, remains to be seen. That will ultimately be up to those 98 percent of the American people who will get the middle class tax cut.
But I want to note here that of those 98 percent, about half of them can’t wait to sprint into a polling station in November and pull the lever for Romney and the Republican Party, which has time and again elevated the welfare of the wealthy over the welfare of the middle class and which has implicitly threatened to bring down the whole American economic house if rich folks don’t get to keep their tax cut.
The reality that so many folks are willing to vote against their own economic interests, as well as the larger interests of the country, is depressing. No, let’s be honest. It is shameful.