Type to search

Republicans Paint Themselves Into A Tax-Cut Corner

Memo Pad

Republicans Paint Themselves Into A Tax-Cut Corner

Share

Reuters

This opinion piece originally appeared at Reuters.com.

Slyly encouraged by President Barack Obama, Republicans have painted themselves into a tax corner.

Who would have imagined a year ago, when Republicans rode the Tea Party’s anti-tax wave and retook the House of Representatives, that a year later Republicans would be forced to swallow a huge tax cut sponsored by Obama?

The irony is that Obama’s payroll tax cut could have been taken over by the Republicans as their issue, but they flubbed it.

The payroll tax cut, which bestows the most savings on highly-paid workers, resulted from the refusal by Republicans, after they won control of the House in 2010, to extend the Making Work Pay tax credit.

David Cay Johnston

David Cay Johnston won a 2001 Pulitzer Prize for his coverage of taxes in The New York Times. The Washington Monthly calls him “one of America’s most important journalists” and the Portland Oregonian says is work is the equal of the great muckrakers Ida Tarbell, Lincoln Steffens and Upton Sinclair.

At 19 he became a staff writer at the San Jose Mercury and then reported for the Detroit Free Press, Los Angeles Times, The Philadelphia Inquirer and from 1995 to 2008 The New York Times.

Johnston is in his eighth year teaching the tax, property and regulatory law at Syracuse University College of Law and Whitman School of Management.

He also writes for USA Today, Newsweek and Tax Analysts.

Johnston is the immediate past president of the 5,700-member Investigative Reporters & Editors (IRE) and is board president of the nonprofit Investigative Post in Buffalo.

His latest book Divided: The Perils of Our Growing Inequality an anthology he edited. He also wrote a trilogy on hidden aspects of the American economy -- Perfectly Legal, Free Lunch, and The Fine Print – and a casino industry exposé, Temples of Chance.

  • 1

7 Comments

  1. jad2252 December 7, 2011

    had the gop agreed to a tax on the one percent(1%)they would not be here now

    Reply
  2. Richie T December 7, 2011

    How do you eliminate corporate income tax?. The tax rate on paper has nothing to with with reality. G,E. wrote off massive losses in this country, made billions in other countries, and paid ZERO in taxes. 2010. $14 Billion in Profits. $9 billion, because it was made in other country, can’t be taxed. The rest was claimed against wrote-offs. Filed taxes electronically. On paper, it would have been 57,000 pages. Try and audit that. Good luck

    Reply
  3. gotitdog December 7, 2011

    that was stupid…

    Reply
  4. jijones December 7, 2011

    the republicans seem to be the favorite of the two parties they almost never get
    any blame regardless of how they screw things up if the democrats ever block and
    stop favorite programs the way republicans do there would be hell to pay!!
    and the news media would railroad them right out of town, it would be the democrats
    did it again, they are conspiring against their own people,they are a disgrace to america, never have we seen such deceiptful acts,the public should kick them out of office,and the ranting would go on, and on,yet the republicans are doing all the above
    and there is barely a hint of disgrace! maybe the media think we as americans cant
    see the folly in their ways, but make no mistake about it we do!!!!

    Reply
  5. freethinker December 7, 2011

    Some say that if the GOP had agreed to increased taxes on the 1%, the Dems would be satisfied. That’s nonsense. Under no circumstances have the Dems offered to cut one dime of real spending. They would simply have been emboldened to demand more ‘fairness’ as Henry Morgenthau, Roosevelt’s Treasury Secretary, did when the top tax rate was at 79%. The Dems know no bounds when demanding new taxes.

    Reply
  6. ed Clemensen December 7, 2011

    contrary to someones consistant believe the dems have givin up billions of dollars, in taxes that would have kept police fire and education in business, it has always been a protection of the 0ne percent by the republicans that has gotten us into this trouble, If they had not blocked the stimuals from the very beginning , had union construction been allowed, we would have been long on the way to recovery, But they want slave labor, they want uneducated people they want to creat, not good jobs, but a total cast system. , and they are so bound in that idea that they aren’t paying attention to theoccupation, It is a safe bet that there will a h— of a lot less republican in office in 2013, unless of course the return to the illegal and immoral tactics that they used to get Bush into office in 2000, And with thevoter suppression that they are trying get in serval states, that just what they are trying to do.They only democracy they want is for the welthy.

    Reply
  7. spankyu December 12, 2011

    You know if this Country of ours was run more like a business.
    Most of the people would have been fired a long time ago – for not
    doing there jobe in the first place – gee just think of the headaches
    that would have saved (us – the American Public)
    And I for one know that we can do better with out most of the politicians
    in our world today – cause they just keep screwing up our world more and
    more every day.

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.