DeMint a “NO” On Tax Deal

By Maya

Dec 8, 2010 9:05am

ABC News' Jonathan Karl reports: Now it’s the right’s turn. Senator Jim DeMint (R-SC) says he will oppose the tax deal President Obama made with the Republican leadership. He’ll join the likes of liberal Sen. Bernie Sanders (I-VT) in filibustering it. “Most of us who ran this election said we weren’t going to vote for anything that increased the deficit.  This does.” DeMint said this morning on the Hugh Hewitt radio show.  He doesn’t like the fact that the tax cut extension is temporary and he doesn’t like the extension of unemployment insurance. “I don’t think we need to extend unemployment any further without paying for it, and without making some modifications such as turning it into a loan at some point. It then encourages people to go back to work,” DeMint said. ”The biggest problem I have, Hugh, is we don’t need a temporary economy, which means we don’t need a temporary tax rate. A permanent extension of our current tax rates would allow businesses to plan five and ten years in advance, and that’s how you build an economy.” Even the estate tax provision – which has enraged liberals because it would cut the scheduled increase in the estate tax from 55 percent to 35 percent and only apply it to estates valued at over $5 million – doesn’t satisfy DeMint.  “It raises the death tax,” DeMint says, presumably because this year, in an anomaly, the estate tax is zero percent.  Could this be the beginning of a conservative revolt against the deal?  Probably not. But DeMint is not alone here. The conservative group Club for Growth – which supported a lot conservative Republicans in this year’s election, is also opposed. “This is bad policy, bad politics, and a bad deal for the American people,” said Club for Growth President Chris Chocola. “The plan would resurrect the Death Tax, grow government, blow a hole in the deficit with unpaid-for spending, and do so without providing the permanent relief and security our economy needs to finally start hiring and growing again.”

You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus