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Voinovich leaning against extension of the Bush tax cuts

I've been criticizing a lot of politicians over the past few days for proposing indefinite extensions of the Bush tax cuts without saying a word about how they'd handle the resulting damage to the deficit. There's one, however, who isn't dodging the debt. George Voinovich, the senior Republican senator from Ohio, told The Hill that another extension would only “kick the can down the road,” and that absent fundamental tax reform, he'll probably vote against any such efforts.

Perhaps not coincidentally, Voinovich is retiring in November.

By Ezra Klein  |  September 16, 2010; 1:40 PM ET
Categories:  Taxes  
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Comments

I wish many more senators had retirement waiting in their near future so they would make some REAL decisions of value without fear of backlash.

Posted by: ania8 | September 16, 2010 2:03 PM | Report abuse

I'm very much opposed to extention of the tax cuts, particularly for incomes above $250K. However, I have this recurring thought about how Roosevelt raised taxes back in 1937.

From a political perspective, I understand why President Obama and the Democrats want to keep the tax cuts for the lower bracket. Maybe, as Peter Orzag suggested, extending them for 1 year and then let them expire is the best compromise.

Posted by: msollot | September 16, 2010 2:21 PM | Report abuse

Best argument for term limits yet. If these people knew they aren't to be guaranteed a career then maybe...
Perhaps an unofficial, grassroots agreement to just not re-elect ANYONE who has served more than 2 terms. If you can't line your funder's pockets or get stinking rich in 12 years you shouldn't be there in the first plce.

Posted by: ostrogoth | September 16, 2010 2:31 PM | Report abuse

Now THIS is a news story! I could see Kaufman, Burris, Dorgan, LeMieux, Bunning, Gregg, and Specter all having their own reasons for joining Voinovich in a Coalition of the Retirees. Someone far more powerful than me needs to get this baby started, fast.

Posted by: tomveiltomveil | September 16, 2010 3:01 PM | Report abuse

V has proven that he will vote with the prevailing conservative wind. WE have seen this before. Maybe he will have a backbone since he is retiring. Maybe.

Posted by: ecthompson | September 16, 2010 3:57 PM | Report abuse

Again, I applaud Sen. Voinovich. But it's very sad that Congress can't get it's act together and overhaul the entire tax code. Senators Gregg and Wyden came out months ago with a good starting point to tax reform but it's gone nowhere. No discussion. Forgotten by the media.

We really need the tax code completely revised and simplified and made better for both families and businesses.

Posted by: valkayec | September 16, 2010 6:22 PM | Report abuse

Why does anyone believe that extending the tax cuts for only two years would happen? Especially with the Republicans expected to pick up seats in 2010 and 2012, and possibly the presidency as well in 2012.

That is the huge problem with Peter Orszag's idea. The better idea is for the Democrats to pass the Obama tax cuts now, giving tax cuts to all Americans, but reinstating the marginal rates for adjusted incomes over $250,000. This will cost us $300 billion next year. Extending the tax cuts to the highest 2% is not worth it. They don't spend it, and they don't need it. They have done extremely well the past ten years.

Posted by: JimHannan | September 16, 2010 7:04 PM | Report abuse

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