March 24, 2009
COME INTO MY PARLOR SAID THE SPIDER TO THE FLY:
Democrats in Congress Are Ready to Pare Budget (DAVID M. HERSZENHORN and CARL HULSE, 3/24/09, NY Times)
Alarmed by rising deficit predictions, Congressional Democrats prepared Tuesday to pare spending in President Obama’s budget and limit some middle-class tax cuts even as Republicans stepped up their criticism of the plan as irresponsible. [...]The Democrats’ budget does not provide for Mr. Obama’s signature middle-class tax cut, called Making Work Pay, of $400 for individuals earning $75,000 and $800 for couples with incomes up to $150,000 after 2010.
“We show what our numbers would accommodate, and they would not accommodate Making Work Pay,” said Mr. Conrad.
Because breaking tax promises to the middle class worked so well in '92 and '94? Posted by Orrin Judd at March 24, 2009 9:22 PM
