Senate Standoff Over Extending Tax Cuts

It looks like a standoff in Congress during this lame duck session. The Senate Republicans, under the leadership of Mitch McConnell, have lined up all 42 of their senators behind the idea of holding up any legislation until the Bush tax cuts are extended in their entirety. These cuts, which the nation as a whole has grown accustomed to being the regular rates, are technically temporary in nature. They are due to expire on January 1 next year, creating a massive de facto tax increase. President Obama and the Democrats want to extend the cuts for the lower and (what they call) middle classes, but want them to expire for those making at least $250,000 per year. It is this arbitrary line that the Democrats have drawn that, in my opinion, is causing the division between the two parties on this issue.

I know that the wealthy can afford to pay more taxes; they won't have to make difficult and even sacrificial personal choices affecting their health care, transportation, energy, or any other areas pertaining to their standard of living. On the other hand, I think that including those making $250,000 as the "wealthy" is stretching things to the point of class warfare. Warfare against the middle class!

I'm afraid that some on the political left hold a stereotypical view of large businesses and small businesses. To them, with the big corporations they see some arrogant cigar-smoking tycoon sitting back in his ritzy penthouse office with his feet on his desk, planning how to exploit the needy for his company's aims and to fatten his own wallet. And on the other end of the spectrum, a small business is typically seen as a little family-owned shop or diner. But while many small businesses are of the mom-and-pop variety, there are others who are larger in scope and whose owners operate their businesses on margins of profit, which they plow back into them. It is with these medium-sized businesses, which employ an enormous number of people nationwide, that dramatically raising taxes will cause hardship to be passed on to "average" people by keeping those affected business owners from hiring new workers.

So I'm holding my nose on this tax dispute and for once siding with the Republicans. We are still in recovery from what the Obama administration itself calls the worst economic downturn since the Great Depression and to which it responded in 2009 with a Draconian stimulus bill. This is not the time to let the Bush cuts expire, for although Democrats can talk until their faces are blue about how they aren't really raising taxes, in fact the sudden rises will be traumatic for EVERYONE. I don't like the way the GOP has conducted itself during the last two years, especially in the Senate, by adopting an obstructionist strategy. This one time, though, that strategy may actually be in the national interest. For a change.