May 10, 2006

GOP Hard at Work For You

These pages have been pretty hard on Congressional Republicans of late, but I am changing my tune.

GOP Forges Deal on Investor Tax Cuts

WASHINGTON - House Republican leaders are ready to move forward on tax breaks worth $70 billion over five years to investors and some middle-income families now that they've sorted out a disagreement among themselves.

The breakthrough Tuesday set up a vote in the House late Wednesday.
The Senate could clear the bill for President Bush's signature by week's end, achieving one of his top tax priorities and giving his GOP allies on Capitol Hill a victory in times of sagging poll numbers.
The bill offers a two-year extension of the reduced 15 percent tax rate for capital gains and dividends, currently set to expire at the end of 2008.


Again I make the comparison: this would not have happened with Democrats. As I recall, the only item Senator Kerry was completely clear on was that he would roll these back.

The economy is rocking thanks in great part to these and they will be extended. We got two stellar SCOTUS judges and a few appellate judges will be confirmed later this month. The Pelosi-Murtha wing was not able to stage a retreat. I'm feeling pretty good about my party. This week, I will join with President Lincoln and say "Ain't you glad you joined the Republicans?" Silence, LatteSipper, the water's warm -- hop in!

Politics Posted by jk at May 10, 2006 9:51 AM

...its an extension, not a 'permanent tax cut'. However, in light of the state of Politics, it is a damn fine step in the right direction for the GoP.

Posted by: Charlie on the PA Tpk at May 10, 2006 11:54 AM

Yes and yes.

Posted by: jk at May 10, 2006 12:00 PM

Dagny reminds that, "There is no such thing as a 'permanent' tax cut."

Posted by: johngalt at May 12, 2006 3:02 PM | What do you think? [3]