“Sold down the road” by House GOP leadership

Florida Republican Rep. Allen West called out House leadership last Friday morning.

Asked during a radio interview with WMAL‘s Morning Majority host Brian Wilson about how he feels about Speaker of the House John Boehner, West said, “I was very upset about what happened with this payroll tax cut extension.”

The Florida Republican complained about how the House GOP leadership “sold us down the road” and ditched “a good piece of legislation that took care of it for one year,” by accepting the Senate’s “two-month extension which was absolutely pathetic policy.”

“I mean, we can’t do tax policy that way,” he said.

West said he plans to make it an issue when he returns to Congress.

“So, when we get back to Washington, D.C., the first House GOP conference, we’re going to have to have some serious discussions about how do we get ourselves on the same sheet of music. Because, we really felt that our leadership did not stand against the Senate Republican leadership,” he said.

Asked if he foresees an attempt to unseat Boehner, West said: “I’m not going to speculate about that.”

Kudos to Rep. West.  Too bad not one Congressman from Wisconsin is willing to take such stands.
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Business tax cut outlined

Tax cuts for small business … one piece of the puzzle.

Gov. Scott Walker is proceeding with a campaign promise of passing a tax cut for small businesses but in the process substantially reducing the size of businesses that would be able to claim it.

Walker and aides Wednesday released details of the draft legislation for the first time, saying that businesses with gross sales of less than $500,000 a year and an income tax liability could qualify for the proposed tax credit. They said the measure would faithfully carry out his campaign pledge.

In September, Walker had said the income tax cut would apply to businesses with “50 or fewer employees.” An economist and an accountant Wednesday said that businesses with as few as a dozen employees could have difficulty qualifying for the credits under the revised proposal.

The proposal, which would amount to an estimated total tax cut of $40 million a year statewide, drew the most praise from owners of mom-and-pop businesses.

Ron Loos, owner of Quality Tool & Die Co., said his five-person shop would be eligible for the tax credit and grateful to get it. Many small tool-and-die shops folded during the recession when business dried up or was moved overseas.

“Any help now for us little guys is welcomed,” said Loos, who is from Milwaukee.

Walker spokesman Cullen Werwie said the proposal “clearly fulfills a campaign promise.” Walker himself said in a statement that it targeted the small businesses that are at the heart of the state’s economy.

“Their growth is the key to Wisconsin’s recovery and job growth,” Walker said. “This legislation will provide tax relief to thousands of business owners, freeing them to expand and create jobs.”

The important thing is that it sends a message to businesses.

“It’s the message again that’s as important as the dollars they put into it,” Ward said. “If it increases the confidence of business, they’ll hire. It’s the uncertainty that’s been killing us.”

Sending that kind of message can free up cash that businesses have been hoarding because of worries about the economy, he said.

A sign coming from Madison that Wisconsin is ONCE AGAIN OPEN FOR BUSINESS.

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It’s “Common Sense” to extend

the Bush-era tax cuts. 

But as Sowell later points out, having a proven time-tested policy isn’t enough if we don’t articulate it. We need to remind people that tax cuts help everyone. And we should also remind the Democrats that many of the so-called “rich” they’re dismissing are our small business owners who account for 70% of all job creation in this country. At a time when we need job growth, we should not target job creators with tax hikes. Closing our deficit gap requires us to cut spending, but we also need to spur economic growth. With that in mind, the last thing we should do is hamper our economic innovators and entrepreneurs with excessive taxes, overly burdensome regulation, and more uncertainty. This is not a difficult argument to make. It’s common sense.

It appears that many House Democrats apparently have no common sense on taxes during a recession.  Their preference would be to pass on a 50% tax hike to those currently in the 10% tax bracket come January 1.

But for “common sense” to prevail it means Republicans agreeing to a deal that also raises spending by $75 billion.

“‘The deal’ spends billions and billions of dollars that the country does not have in order to prevent a tax hike that the country voted against. In essence the GOP bribed the president to follow the will of the people,” Hewitt wrote. “There is at least $75 billion in new spending in the plan, agreed to by the GOP less than 5 weeks after the country fairly screamed ‘Stop Spending Our Children’s Money!’”

“‘The deal’s’ assault on ‘The Pledge’ will make the latter a joke, and instantly impacts the credibility of all future efforts to propose agendas to the electorate.”

That’s the question that has to be wrestled with as the expiration clock on the tax cuts moves closer to zero.

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