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Dems balk on budget, warn of tax hikes to come

This is so transparent as to be laughable. The democrats are just trying to postpone more bad news until after the election to limit their losses in November. Hoyer and other democrats have already said they are going to raise taxes, and it won’t just be on those making over $250,000 per year.

Remember in November.


Dems balk on budget, warn of tax hikes to come

By: Susan Ferrechio
Chief Congressional Correspondent
June 23, 2010

As Senate Democrats were forced to consider scaling back their massive federal aid and stimulus package, House Democrats threw up the white flag on passing a budget this year, announcing instead they would consider a short-term proposal that cuts spending but does nothing to tackle future deficits. …

… skipping the budget process altogether, which Democrats were considering because it would have been impossible to come up with enough support within their divided caucus to produce what would have amounted to a five-year blueprint on spending and taxation.

Instead, House Majority Leader Steny Hoyer, D-Md., announced Tuesday the House will duck the mounting deficit and consider a “budget enforcement resolution” that will make cuts in spending and set limits for 2011 only. Longer-term decisions, Hoyer said, would have to wait until the newly formed presidential debt commission issues its first report in December.

“It isn’t possible to debate and pass a realistic, long-term budget until we’ve considered the bipartisan commission’s deficit reduction plan,” Hoyer said in a speech delivered Tuesday to Third Way, a liberal think tank. Hoyer also warned of looming middle-class tax increases after this year. …

(Read complete article HERE)


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