McClatchy DC Logo

Commentary: Congress must compromise to save middle class tax cuts | McClatchy Washington Bureau

×
    • Customer Service
    • Mobile & Apps
    • Contact Us
    • Newsletters
    • Subscriber Services

    • All White House
    • Russia
    • All Congress
    • Budget
    • All Justice
    • Supreme Court
    • DOJ
    • Criminal Justice
    • All Elections
    • Campaigns
    • Midterms
    • The Influencer Series
    • All Policy
    • National Security
    • Guantanamo
    • Environment
    • Climate
    • Energy
    • Water Rights
    • Guns
    • Poverty
    • Health Care
    • Immigration
    • Trade
    • Civil Rights
    • Agriculture
    • Technology
    • Cybersecurity
    • All Nation & World
    • National
    • Regional
    • The East
    • The West
    • The Midwest
    • The South
    • World
    • Diplomacy
    • Latin America
    • Investigations
  • Podcasts
    • All Opinion
    • Political Cartoons

  • Our Newsrooms

Opinion

Commentary: Congress must compromise to save middle class tax cuts

The Miami Herald

    ORDER REPRINT →

November 16, 2010 11:21 AM

'Compromise' may be a foul word to some of the more ideologically rigid members of Congress, but it's the key to making government work in an era of partisan division. So let's start with the upcoming fight over taxes.

In the lame-duck session that begins this week, neither Republicans fresh off a huge electoral victory nor Democrats who still claim majorities in both chambers until January and control the White House can get anywhere without making a deal. Yet a deal must be had to avoid an income-tax hike that could badly hurt the middle class and stifle the economic recovery in its infancy.

The Bush-era tax cuts expire on Dec. 31. Republicans want the cuts to be made permanent. President Obama and most Democrats want to extend the cuts for families earning under $250,000 and drop them for those above that level.

A permanent extension for all would add about $4 trillion over the next 10 years to the growing national debt. Of that, $700 billion reflects money the government would not get from families earning more than $250,000.

SIGN UP

That's money this country doesn't have and can't afford for the top 2 percent of the wealthiest Americans.

The argument that raising taxes on the top tier would really hurt small-business owners who could not afford to hire new employees has already been undercut by the nonpartisan Tax Policy Center, which found that only 2 percent of those reporting small-business income would see tax increases under the Obama plan.

To read the complete editorial, visit www.miamiherald.com.

  Comments  

Videos

“It’s not mine,” Pompeo says of New York Times op-ed

Trump and Putin shake hands at G20 Summit

View More Video

Trending Stories

Cell signal puts Cohen outside Prague around time of purported Russian meeting

December 27, 2018 10:36 AM

Ted Cruz’s anti-Obamacare crusade continues with few allies

December 24, 2018 10:33 AM

California Republicans fear even bigger trouble ahead for their wounded party

December 27, 2018 09:37 AM

Sources: Mueller has evidence Cohen was in Prague in 2016, confirming part of dossier

April 13, 2018 06:08 PM

Hundreds of sex abuse allegations found in fundamental Baptist churches across U.S.

December 09, 2018 06:30 AM

Read Next

This is not what Vladimir Putin wanted for Christmas

Opinion

This is not what Vladimir Putin wanted for Christmas

By Markos Kounalakis

    ORDER REPRINT →

December 20, 2018 05:12 PM

Orthodox Christian religious leaders worldwide are weakening an important institution that gave the Russian president outsize power and legitimacy.

KEEP READING

MORE OPINION

The solution to the juvenile delinquency problem in our nation’s politics

Opinion

The solution to the juvenile delinquency problem in our nation’s politics

December 18, 2018 06:00 AM
High-flying U.S. car execs often crash when when they run into foreign laws

Opinion

High-flying U.S. car execs often crash when when they run into foreign laws

December 13, 2018 06:09 PM
Putin wants to divide the West. Can Trump thwart his plan?

Opinion

Putin wants to divide the West. Can Trump thwart his plan?

December 11, 2018 06:00 AM
George H.W. Bush, Pearl Harbor and America’s other fallen

Opinion

George H.W. Bush, Pearl Harbor and America’s other fallen

December 07, 2018 03:42 AM
George H.W. Bush’s secret legacy: his little-known kind gestures to many

Opinion

George H.W. Bush’s secret legacy: his little-known kind gestures to many

December 04, 2018 06:00 AM
Nicaragua’s ‘House of Cards’ stars another corrupt and powerful couple

Opinion

Nicaragua’s ‘House of Cards’ stars another corrupt and powerful couple

November 29, 2018 07:50 PM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

Icon for mobile apps

McClatchy Washington Bureau App

View Newsletters

Subscriptions
  • Newsletters
Learn More
  • Customer Service
  • Securely Share News Tips
  • Contact Us
Advertising
  • Advertise With Us
Copyright
Privacy Policy
Terms of Service


Back to Story