Senator Murray Blames Super Committee Failure On Bush
Senator Patty Murray, who was one of the leaders of the Super Committee on Federal Debt Reduction, is blaming the failure of the panel…on George Bush.
The GOP members refused to allow the Bush era tax cuts to expire after 2012, which would have forced the ‘wealthiest’ Americans pay about 800 billion more in taxes. Democrats wanted the cuts to expire, and at the same time, add new taxes to offset spending and budget cuts. The Bush tax cuts affected all levels of American families who pay taxes, and after initially saying he was going to let them expire, Obama extended them until 2012. If the tax cuts were to expire, anyone making 200k or more a year would be slammed with extensive new taxes. GOP leaders said that would affect thousands of businesses and curb job growth, as well as perhaps adding to the nearly ten percent unemployment. What are your thoughts?