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Posted at 9:13 AM ET, 12/ 1/2010

Meeting set on tax cuts negotiations

By Perry Bacon Jr.

A group of administration officials and members of Congress designated by President Obama and congressional leaders will meet on Capitol Hill Wednesday morning to start negotiations to determine how to deal with the tax cuts that are due to expire at year's end.

The group, which was announced Tuesday after the meeting between Obama and congressional leaders, includes Treasury Secretary Timothy F. Geithner, Jacob Lew, head of the Office of Budget and Management, Rep. Dave Camp (R-Mich.) Rep. Chris Van Hollen (D-Md.), Sen. Max Baucus (D-Mont.) and Sen. Jon Kyl (R-Ariz.)

White House and congressional Republicans officials privately
acknowledge the two sides could reach an agreement in which all of the
tax cuts are extended, but only temporarily, perhaps for two or three
years.

The meeting on Capitol Hill comes as White House officials are expressing optimism about getting the tax cuts legislation and a nuclear treaty with Russia known as START passed by the end of the year.

"The START treaty will be done by Christmas," White House Press Secretary Robert Gibbs said on CBS's "The Early Show" Wednesday morning in his most confident statement yet on the issue.

Some influential Republicans on Tuesday had suggested they would like to work with the administration to get the treaty ratified by the Senate in the next two weeks.

This item has been updated since it was first posted.

By Perry Bacon Jr.  | December 1, 2010; 9:13 AM ET
Categories:  44 The Obama Presidency  
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Comments

Demint's home state has low taxes, poor education and social programs, high debt, high poverty and low wages. The Republican formula doesn't work in South Carolina, why would it work in the rest of the country.

See for yourself: http://jimdemints-southcarolina.blogspot.com

Posted by: joel27 | December 2, 2010 7:44 AM | Report abuse

Our President and any other sane people left in Washington must not cave in to the brothel-workers for the wealthiest. We cannot afford any more tax cuts for the rich.

Posted by: revbookburn | December 1, 2010 7:16 PM | Report abuse

Rep. Mike Pence (R-IN) made a startling admission recently: the Bush tax cuts did not work.

"I think it's fair to say, if the current tax rates were enough to create jobs and generate economic growth, we'd have a growing economy," he said. "It's not working now."

PENCE: "Jim DeMint and I are offering legislation on Capitol Hill today to say, look, let's make all the current tax rates permanent, uh, and then let's start to work from there toward putting in place the kind of policies that'll really get this economy moving again. You know, I think it's fair to say, if the current tax rates were enough to create jobs and generate economic growth we'd have a growing economy. It's not working now. Let's at least give some certainty there and then we'll fight for more tax relief."

See even the Republicans know the tax cuts don't create jobs but even though they know this they are just calling for more of the same. It's insanity! And now Obama is going to go along with it. I won't vote or work for him again. He has no spine!

He is basically going to trade the Start treaty for tax cuts for the rich. What is his problem?

Posted by: Prakosh | December 1, 2010 1:24 PM | Report abuse

Good - no more unemployment welfare. Our kids and their grandkids can't afford it anymore...Stop relying on Govt and do something about your position in life. Even if that means doing something you've never done before or doing something hard, like manual labor. Support yourselves, don't make our kids pay for your lifestyle choices.

Posted by: NO-bama | December 1, 2010 1:05 PM | Report abuse

How disgusting that millions of Americans will be thrown to the wolves with the failure to extend the unemployment benefits, yet this right-wing Congress and quasi-Republican administration continue to plot to give billions of tax giveaways to the millionaires and billionaires. If the Democrats collude in yet another betrayal of the American middle and working classes, they will not ever get my vote again. We don't need two Republican parties, one can do enough damage by itself.

Posted by: pwel | December 1, 2010 12:11 PM | Report abuse

So I have to deal with a 2 year pay freeze and the richest of the rich keep their tax cut...What a crock of sh*t

Posted by: hart2014 | December 1, 2010 12:04 PM | Report abuse

"Tax cuts create jobs."

And you thought Americans were educated folks!

Suckers!

Posted by: kishorgala | December 1, 2010 11:56 AM | Report abuse

Expert economist after expert economist has expressed shock that the Republicans continue to put forth this fraud which says tax cuts for the wealthy spawn jobs. I own a small business. I would never hire another employee unless there was demand, regardless of tax rates. These tax rates are on personal income, anyhow. Even if I paid zero taxes, I would not hire someone unless I needed that worker, nobody would. This whole issue is just another attempt by Republicans to protect their wealthy benefactors who donate to their re-election committees. This has nothing to do with job creation. Trickle-down economics has been debunked by every sane econ professor who is not a tool for a Conservative think tank or Fox News.

Posted by: bruce19 | December 1, 2010 11:43 AM | Report abuse

Please Mr Boehner and Mr McConnell, tell us again why the Bush tax cuts were passed and enacted with an EXPIRATION DATE? Why, when you had the control over Congress, did you not make them permanent in the first place? Might it perhaps have been because of the hole you all knew it was going to put in the Federal Budget, and because a prudent Congress might have to make some adjustments in ten years if things didn't turn out so hunky-dory? So how's that all worked out for us, huh? How is it that they are now affordable? Start by answering my first question, please.

Posted by: tzem | December 1, 2010 11:42 AM | Report abuse

Dashing through the snow
Of the ‘Publican fog Machine
O'er the fields we go
Laughing all the way
Tax cuts for the Rich
Make our spirits bright
What fun it is to snow Everyone
It’s a Tea Party, All Right!
(chorus)

Oh, Jingle bells, jingle bells,
Jingle all the way;
Oh! what fun it is to give
Tax Cuts to the rich
It’s a congressman’s delight
Jingle bells, jingle bells,
Jingle all the way;
Oh! what fun it is to fill our pockets
As Lobbyists pay our way

A week or two ago
We took the public for a ride
The Tea Party and a grizzly
Were seated by our side,
The electorate was in the tank
Misfortune seemed their lot
They think we’ll fix their problems
But of course we will, NOTTT!
|: chorus :|

A week or two ago,
This story I must now tell
The public seems confused,
For the same old tricks they fell;
The vote us into office
Based on a tale that’s oh-so tall
By crook and ruse we take the reins
It’s a comedy play for all
We do exactly what the rich want
That’s the Republican way
And just for fun we blame the Dems along the way
|: chorus :|

Now the voters are our chums,
And the Democrats are oh-so glum
We ‘Publicans are on our way tonite
As we spread the same old dung;
Oh, we Make Dems pay
Make Dems pay
That’s the fun part of our job
We think of ourselves as Robin Hood
Only it’s the less fortunate that we rob
|: chorus :|

Posted by: SequimBob2 | December 1, 2010 11:19 AM | Report abuse

Bring the Tax Cut Bill to the floor under exactly the terms indicated by the Obama administration. Exclude all those making more than $200,000 and $250,000 respectively as stated in the proposal.

The American voting public needs to witness first hand, just what it is that the Republicans they elected represent.

Will it be the middle class majority of Americans or will they insist on adding additional "debt" on top of the 14.3 trillion dollars owed today?

What's another trillion dollars strapped on the backs of the youth of America for the benefit of the wealthy?

Posted by: motiv8ed | December 1, 2010 10:46 AM | Report abuse

Bring the Tax Cut Bill to the floor under exactly the terms indicated by the Obama administration. Exclude all those making more than $200,000 and $250,000 respectively as stated in the proposal.

The American voting public needs to witness first hand, just what it is that the Republicans they elected represent.

Will it be the middle class majority of Americans or will they insist on adding additional "debt" on top of the 14.3 trillion dollars owed today?

What's another trillion dollars strapped on the backs of the youth of America for the benefit of the wealthy?

Posted by: motiv8ed | December 1, 2010 10:44 AM | Report abuse

If the Bush cuts are extended for 2 0r three years, and the Republicans get elected in Nov 2012, they will make the tax cuts permanent for the most wealthy and they will figure some way to take more money from the pockets of the average citizen.

But the Republicans are not likely to create jobs by their tried and untrue methods.

I will admit that the Reagan tax cuts to 50% was a good idea but when the Reagan crowd lowered them into the low 30', that didn't work.

As long as we have wars, we will sooner or later have to raise taxes on the top 2 0r three percent and maybe other brackets as well.

Also, there are lots more to consider in the tax laws such as estate taxes.

Posted by: LL314 | December 1, 2010 10:28 AM | Report abuse

If I were in a Presidential News Conference; I'd ask Obama if he thanked to GOP leadership for letting him kiss their "down under yonders."

Obama has Caving down to a Fine Art.

Posted by: ddoiron1 | December 1, 2010 9:50 AM | Report abuse

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