In his place we have Republican Tax-Cut
Santa, who has different priorities.
Grover Norquist, a top conservative strategist and tax-cut
champion, all but dismisses him as a has-been: "Sometimes, folks just want back in the limelight." If Republicans let tax cuts be held "hostage to Democrats cutting spending," he says, "you'll never get spending restraint or tax rate reduction.
Among Americans overall, slightly more (45%) think the tax-cut
extension should be temporary than say it should be permanent (37%).
(24) Lori Montgomery, "Shaky economy alters tax-cut
dynamic in Congress," Washington Post, August 27, 2010, p.
This year, the movement to impose limits on state taxes using ballot initiatives (known as Taxpayer Bill of Rights or TABOR), failed in three states once voters--who appear to have become skeptical of tax-cut
gimmicks and free-lunch promises--understood the consequences.
The bill "accelerates all of the child tax credit and marriage penalty relief provisions for the 2001 tax-cut
legislation that benefit middle and upper income families, while failing to accelerate either" for low and moderate income working families.
Grassley defended the Republican tax-cut
proposal against complaints that it favored wealthy Americans.
They have said tax-cut
measures have resulted in the so-called ''hollowing out'' of taxation, in which a quarter of workers and two-thirds of corporations are currently not paying taxes.
In fact, the CBO's figures indicate that in the last four months of this fiscal year some $20 billion will be siphoned from the Medicare trust fund to cover the first-year cost of President Bush's tax-cut
In a recent public meeting with the Democratic leaders of Congress--Senator Tom Daschle (D-S.D.) and Representative Richard Gephardt (D-Mo.)--he talked up his tax-cut
plan, while the Democrats, who oppose the plan, stood by expression-less.
Defenders of the recent tax-cut
deal between President Clinton and the GOP contend that Republicans could have achieved nothing better with their slim majority in Congress and a Democrat occupying the White House.