What Should the GOP House Do About The Fiscal Cliff?

Posted 3 CommentsPosted in Fiscal Cliff

Speaker Boehner and President Obama at the White House

Republican House Speaker John Boehner and President Obama at the White House on November 16, 2012

Everyone seemingly has an idea about what the GOP controlled House should do to avert America going over the “Fiscal Cliff.””

But, what the House Republicans can do is really quite simple and is outlined by my friend, Pat Buchanan, in his piece for Real Clear Politics.

Pass an extension of the Social Security payroll tax cut and block its automatic rise from 4.2 percent of wages to 6.2 percent. To raise that tax now and scoop off the discretionary income of most of America’s families in this anemic economy makes no sense economically or politically.

The House should then vote to extend the Bush tax cuts for another year, with a pledge to do tax reform — lowering tax rates in return for culling, cutting or capping deductions for the well-to-do in the new year.

Then let Harry Reid work his will. If the Senate votes to let Social Security taxes rise, let Harry and his party explain this to the middle class that gets hammered in January. If the Senate votes to let the Bush tax cuts lapse for those over $200,000, decide in the caucus whether to negotiate — or to go home for Christmas and New Year’s.

As for the automatic sequester that would impose $100 billion in cuts next year, half in defense, do nothing. Let it take effect. The budget has to be cut, and while these cuts are heavy on defense, the depth and mixture can be adjusted in the new year.

There you have it.

The House is back in session today and they should get busy. Pass the extensions and let Harry Reid and Senate Democrats work their magic or not.

Let the President’s surrogates, including Warren Buffett, go on all of the tall shows touting how increasing the taxes on the rich is the savior of the nation. Of course, everyone knows there is not enough money there.

The House will have passed the Bush Tax Cuts and the Senate Democrats can simply negotiate what they will accept as a top rate roll back. Say, $500,000 for couples.

The GOP will not lose any sleep about increasing taxes on the rich, but in return the Democrats must agree to curbing the spending side.

Let the President and Harry Reid lead instead of bloviate.

Simple, isn’t it?

Republicans Jumping Off The No Tax Increase Fiscal Cliff?

Posted Posted in Americans for Tax Reform, Fiscal Cliff, Grover Norquist

Grover Norquist on CNN

Those Republican lawmakers who are bloviating about violating the Americans for Tax Reform pledge are doing just that. They have NOT and probably won’t vote for higher taxes.

Why?

Because they know their constituents would vote their asses out of office.

Anti-tax activist Grover Norquist said Monday that his group, Americans for Tax Reform, would work to unseat Republicans who break their pledge to never vote for higher taxes.

His vow came after prominent GOP lawmakers said over the weekend they would consider breaking the Taxpayer Protection Pledge in order to reach a deal with Democrats and President Barack Obama to avoid tumbling over the fiscal cliff – the combination of sweeping spending cuts and tax increases that would go into effect at the end of the year if negotiators can’t reach a deal on reducing the federal debt.

Norquist said his group would “certainly highlight who has kept their commitment and who hasn’t” when it comes time for lawmakers like Sen. Lindsey Graham and Rep. Peter King to run for re-election, though Norquist claimed voters generally decide on their own to oust elected officials who vote to raise taxes.

“Historically the people who lose do so because the people in their state have figured that out,” Norquist said on CNN’s “Starting Point with Soledad O’Brien.”

Senator Lindsey Graham of South Carolina will probably be replaced as the Republican nominee anyway, since he has proven to be too left for the South Carolina GOP.

There seems to be a great deal of posturing with the knowledge that if NOTHING is done, taxes will really increase.

Here is the video:

It should be a fun few weeks before Christmas with EVERY POL submitting their own plan to avoid the “Fiscal Cliff.”