Legal Commentary

Reid Puts Eliminating GOP Tax Cuts On the Stimulus Negotiating Table

By Big Tent Democrat

This is a shrewd move from Senate Majority Leader Reid:

Sen. Olympia Snowe (ME), one of the four Republicans considered genuinely open to cooperation with Democrats on a workable economic recovery bill, just released a statement saying she was approached by Majority Leader Harry Reid (D-NV) to come up with a list of trims from the $275 billion-plus tax section of the stimulus[:]

I was approached this morning and asked to work directly with leadership to amend the tax section of the stimulus bill in order to develop compromise language that could pass the Senate. The total reductions sought by leadership will closely resemble the amount I recommended to the President during our meeting on Wednesday. This is a critical time for our nation. Our economy shed another 598,000 jobs last month - the most since 1974 - propelling the national unemployment rate to 7.6 percent. Until we deliver to the American people an economic stimulus package that spurs significant job creation and helps those most affected during these trying economic times, I will continue to work, as I have for months, with leadership and the Administration.

Let's see if "bipartisanship" is as important to the Beltway "bipartisan" BSers when it comes to taking out ineffective stimulus - otherwise known as tax cuts.

Speaking for me only

Full post as published by TalkLeft on February 06, 2009 (boomark / email).