Republicans, Democrats Must Compromise on Tax Cuts, Federal Budget

November 23, 2010 RSS Feed Print
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As Americans gather around the Thanksgiving table this week and ponder what they are thankful for at a time of economic pain and uncertainty about the future, one thing unlikely to be on anybody's list is Congress.

Various recent polls show that about three quarters of all Americans disapprove of the job Congress is doing, and a pre-election Rasmussen poll found that only 12 percent of likely voters thought Congress was doing a good job.

Thus the election results. Following the drubbing Democrats took, they are not feeling in the mood to compromise with the Republicans who took their jobs. Meanwhile, Republican leaders are gloating a bit and trying to appease the Tea Party base which wants massive spending cuts, earmarks eliminated, and tax cuts for all.

It would not seem to be a climate in which compromise could flourish. However, there are some very big decisions about tax cuts and the federal budget that need to be made and really can't be put off until next year.

[Read more about the deficit and national debt.]

When Congress returns for its lame duck session next week, members will have to decide how to deal with the federal budget for the current fiscal year, which began two months ago. A stopgap spending measure, which is keeping the government operating, expires on Dec. 4.

But there doesn't seem to be any agreement between Republicans and Democrats on how to keep the government operating. The election may have shown that voters are uneasy with the direction Democrats were taking the country, especially in regard to government growth and spending, but there is no indication they would support a wholesale government shutdown to prove a Republican point about spending.

And if Congress does not act, the Bush tax cuts will expire at the end of the year. But Democrats and Republicans can’t agree on who deserves them or how to pay for them.

If there is anything Americans seem as united on as their disdain for the job Congress has been doing, it is that they want the two parties to work together on the people’s business.

A failure to reach any sort of compromise on tax cuts and funding the federal government for the next 10 months will just confirm their view that Congress is broken.

Both sides have to give up something in order to move forward, pass a federal spending measure, and ensure that tax cuts stay in place for a majority of Americans. Otherwise it won’t be a very merry Christmas for a lot of people.

Tags:
Democratic Party,
2010 Congressional elections,
income tax,
Congress,
Republican Party,
deficit and national debt,
politics

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Sorry about the misspelling in my previous message. I should have proof read it before submitting

DTK of MO 1:03PM November 25, 2010

The financial downfall started with Clinton's signing of the Fannie Mae/Freddie Mac financial bills. This allowed a person that couldn't borrow money on a $20,000 to get a load on a $100.000 home. Both Parties are at fault. I myself lean more to the right than the left. that is because of the left's anti-gun, pro-amnesty, pro-gay agenda.

DTK of MO 1:00PM November 25, 2010

who are you kidding? just because the Democrats were in control the last 4 years does not make them responsible for every thing. It takes a 60 vote majority in the senate and the only time the Republicans ever said yes to anything proposed was a spending bill that would be signed by Bush. Where did the deficit come from mainly? Reagan tax cuts, Bush tax cuts 2 -8year long wars, none paid for, all borrowed, China mainly. More recently a blanket NO to everything proposed by Obama. You cant say everything was poorly framed for the good of the American public. Where did all the MONEY come from used to tell mostly lies by Republicans and ads signed by groups never heard about? All from various groups and individuals oposed to putting a little control on their world, all opposed to benefiting any American of middle class and below.

When will the voters ever get wise and know what they actually did to them selves putting the Republicans, and extremists in complete control?

WH of WI 12:16PM November 25, 2010

Linda Killian

Linda Killian

Linda Killian is a Washington journalist and a senior scholar at the Woodrow Wilson International Center for Scholars. She is currently working on a book called Swing about Independent/Centrist voters for St. Martin’s Press. Her previous book was The Freshmen: What Happened to the Republican Revolution?

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