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Tuesday, June 12, 2012

Democrats Need To Let All Bush Tax Cuts Expire

Senator Jeff Merkley is telling his fellow Democrats in Congress not to budge on letting the Bush tax cuts expire at the end of the year for the wealthiest 2% of Americans. In an interview with TPM, Senator Merkley said, "I've encouraged my team to realize that we have lots of leverage on this. This is not a situation where you go to the table and you're desperate to get a deal." What Senator Merkley understands is that Democrats have the upper hand in the looming tax fight at the end of the year, if they just let all the Bush tax cuts expire on December 31st – and then immediately introduce legislation to extend the tax cuts just for the middle class and dare Republicans to vote against it. Realizing they may be cornered – millionaire lobbyist and anti-tax master Grover Norquist warned Republicans that if they let the Bush tax cuts expire – then he'll call it a violation of his no tax increases pledge. So at the end of the year – Republicans will have a choice. They can honor their oath to the Constitution – or honor their oath to lobbyist Grover Norquist.

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