ARRA News Service
News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this site - no paid ads - no payments for articles. Fair Use doctrine is posted & used.
Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
    Home Page
   

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Wednesday, June 06, 2012

Extend All The Current Tax Rates!

Speaker John Boehner (R-OH) and
Senate GOP Leader Mitch McConnell (R-KY)
highlight bipartisan support for stopping tax hikes!
Today in Washington, D.C. - June 6, 2012:
The Senate reconvened today and resumed consideration of the motion to proceed to S. 3240, the farm bill. At 4 PM, the Senate will take up the nomination of Jeffrey J. Helmick to be United States District Judge for the Northern District of Ohio. At 5:30, the Senate will vote on the nomination.

Yesterday,Democrats failed to get 60 votes to take up their bill purporting to deal with “paycheck fairness,” which would have harmed employers and been a windfall for trial lawyers

Yesterday, the House addressed some technical corrections in passed bills and passed the following bills by voice vote:
HR 1740 — Amends the Wild and Scenic Rivers Act to designate a specified segment of the Illabot Creek in Washington as a component of the National Wild and Scenic Rivers System.
HR 2060 — Central Oregon Jobs and Water Security Act - amends the Wild and Scenic Rivers Act to adjust the Crooked River boundary, to provide water certainty for the City of Prineville, Oregon, and for other purposes.
HR 2336 — York River Wild and Scenic River Study Act of 2011 - amends the Wild and Scenic Rivers Act to designate segments of the York River and associated tributaries for study for potential inclusion in the National Wild and Scenic Rivers System.
HR 241 — Authorization of the conveyance of National Forest System lands in California.
HR 2512& — Reclamation of the Three Kids Mine site in Nevada - provides for the conveyance of certain Federal land in Clark County, Nevada, for the environmental remediation and reclamation of the Three Kids Mine Project Site, and for other purposes.
HR 3263 — Lake Thunderbird Efficient Use Act of 2011 – authorizes the Secretary of the Interior to allow the storage and conveyance of nonproject water at the Norman project in Oklahoma, and for other purposes.
HR 4222 — Conveyance of certain federal owned lands in Arizona to the Pascua Yaqui tribe of Arizona and the Tuscan Unified School District.
HR 4282 — International Child Support Recovery Improvement Act of 2012 -amends part D of title IV of the Social Security Act to ensure that the United States can comply fully with the obligations of the Hague Convention of 23 November 2007 on the International Recovery of Child Support and Other Forms of Family Maintenance, and for other purposes.

Today, the House is expected to consider
H.R. 5325 — "Making appropriations for energy and water development and related agencies for the fiscal year ending September 30, 2013, and for other purposes."
H.R. 5855 — "Making appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2013, and for other purposes."
And, to debate proposed instructions for conferees with the Senate for H.R. 4348 - Federal Highway bill.

The Hill reports this morning, “Using comments by former President Bill Clinton as a political gift, Republican leaders stepped up their calls for at least a one-year extension of the George W. Bush-era tax rates. One by one, senior congressional Republicans stepped before the cameras on Wednesday morning to trumpet Clinton’s momentary support for extending the full slate of current tax rates, in contrast to President Obama’s push to keep income rates in place only for the middle class. . . . Republicans jumped on the comments immediately and made Clinton’s remarks the focus of their morning press briefing. The Senate Republican leader, Mitch McConnell (Ky.), made a rare walk across the Capitol to join House Republicans and echo their message. He noted that the economic growth rate is lower than it was in late 2010, when Obama agreed to a deal that extended the Bush tax rates, including those for the wealthy, for two years.”

Clinton told CNBC, “I think what it means is they will have to extend… have to put everything off until early next year. That’s probably the best thing to do right now… I don’t have any problem with extending all of it now.” The Wall Street Journal noted last night, “Former Democratic President Bill Clinton suggested Tuesday that Congress temporarily extend all the Bush-era tax cuts, undercutting President Barack Obama’s position that the rates on upper-income Americans should rise at year’s end. It was the second example in recent days of Mr. Clinton taking a position at odds with that of Mr. Obama . . . .”

But President Clinton isn’t alone among Democrats in making the case that we shouldn’t raise taxes at the end of the year. According to the WSJ, “Lawrence Summers [former U.S. Secretary of the Treasury under President Clinton and President Obama's former Director of the White House United States National Economic Council] said Wednesday that Congress should temporarily extend Bush-era tax cuts, making him the second person with ties to the White House who is undercutting President Barack Obama’s position that the rates on upper-income Americans should rise at year’s end. ‘The real risk to this economy is on the side of slow down…and that means we’ve got to make sure that we don’t take gasoline out of the tank at the end of this year,’ he said on MSNBC’s ‘Morning Joe’ program. ‘That’s gotta be the top priority.’”

The WSJ adds, “Mr. Summers’s comments will likely further complicate Mr. Obama’s efforts to ensure the tax cuts expire at year’s end… and his comments will likely carry more weight because of his economic credentials.” Of course, it’s worth recalling that Summers was once a top economic advisor to President Obama and before that was Treasury Secretary for President Clinton.

And yet according to a tweet from Reuters, Obama is still saying the tax hikes scheduled for New Years Day 2013 should go forward.

Senate GOP Leader Mitch McConnell  (KY) and appearance with House Speaker John Boehner  (R-OH) appeared and responded this morning. McConnell said, “The argument [President Obama] made in agreeing to [extend all current tax rates] two years ago was that the economy needed it. The growth rate now is actually slower than it was in December of [20]10. As the speaker indicated, coupling that with Bill Clinton’s remarks and then Larry Summers’ remarks, it’s pretty obvious that the economy needs the certainty of the extension of the current tax rates for at least a year.That would also give us the time to begin to grapple with something we all agree we need to do on a bipartisan basis, which is to reform the whole tax code.

Speaker Boehner said, “You know, last week’s jobs report was certainly bad news for the American people.  And once again it shows that the president’s economic policies have failed. As a result, it’s really important that we provide some certainty to job creators in our country and extending all of the current tax rates for at least a year is really important if we’re going to help job creators gain a little more confidence and put Americans back to work. Even Bill Clinton came out for it – before he was against it.  And then, you know, Larry Summers, the president’s former economic advisor, this morning came out in favor of this. “We believe it’s time to extend all of the current tax rates because it really will provide certainty for American job creators.”

Tags: Washington, D.C. Speaker John Boehner, Sen. Mitch McConnell, bill Clinton, Lawrence Summer, income tax rates To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 1:58 PM - Post Link

0 Comments:

Post a Comment

<< Home


View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join us at:
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators
GrassFire
NumbersUSA
Ballotpedia

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
Americans for a Free Republic
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Defeat Obama's Agenda
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Maggie's Notebook
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Secure Arkansas
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The Lid
The Maritime Sentry
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
TOTUS
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
OathKeepers
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts



Blogs For Borders

Reject the United Nations

Adopt Our Troops in Prayer


Thousands of Deadly Islamic Terror Attacks Since 9/11


FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • To Exchange Links - Email: editor@arranewsservice.com!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting beliefs associated with the former Arkansas Republican Assemblies (ARRA), this blog/site is controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2018 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.