- The Foundry: Conservative Policy News Blog from The Heritage Foundation - http://blog.heritage.org -
Morning Bell: The Bipartisan Fight Against the Obama Tax Hikes
Posted By Conn Carroll On September 30, 2010 @ 9:06 am In Entitlements, Taxes & Spending,The Morning Bell | 52 Comments
At 20 minutes after midnight this morning , Speaker Nancy Pelosi (D-CA) gaveled the House out of session, assuring that Congress will now adjourn until after the November elections without taking any action to stop the Obama tax hikes. Earlier in the day, 39 Democrats defied Speaker Pelosi and voted with the minority to keep the House in session until they could vote on the impending tax hikes. Speaker Pelosi, who rarely votes on day-to-day legislation , was forced to cast the tie breaking vote (210-209) on the adjournment resolution. To the members of the majority who broke ranks with Speaker Pelosi, the meaning of the vote was clear: a vote to adjourn was a vote to raise taxes. They voiced their displeasure  after the vote:
House Democrats are not the only ones willing to fight the Obama tax hikes. Yesterday, Sen. Ben Nelson (D-NE) explained  to an audience at The Heritage Foundation why he was in favor of not raising any taxes until the economy shows stronger signs of recovery:
In my view, raising anyone’s taxes, given our fragile economy would be a move in the wrong direction. Nebraskans I represent tell me they feel a lot of uncertainty about the future. Nebraska business owners do to. The possibility of tax increases is just one more reason that companies at home and across the country are holding on to cash and are hesitant to invest in new equipment, new production and new employees.
Sen. Nelson’s speech yesterday was hosted by The Heritage Foundation’s Center for Data Analysis Director Bill Beach, whose recent study, Obama Tax Hikes: The Economic and Fiscal Effects , found that the Obama tax hikes would:
The CDA is not alone in their verdict. A recent CNN survey of economists  found that the most important thing Congress can do to help the economy is stop the Obama tax hikes. But now, thanks to the current majority in Congress, that will not happen.
At the beginning of his remarks yesterday, Sen. Nelson reminded the audience of Ben Franklin’s wisdom that “in this world nothing can be said to be certain, except death and taxes.” Sen. Nelson then added: “And it was Will Rogers who amended that by saying the only difference between death and taxes is that death doesn’t get worse every time Congress meets.” Hopefully the next Congress will prove Rogers wrong.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2010/09/30/morning-bell-the-bipartisan-fight-against-the-obama-tax-hikes/
URLs in this post:
 20 minutes after midnight this morning: http://www.nationalreview.com/corner/248286/scene-capitol-robert-costa
 who rarely votes on day-to-day legislation: http://www.politico.com/news/stories/0910/42891.html
 explained: http://www.heritage.org/Events/2010/09/Ben-Nelson
 Obama Tax Hikes: The Economic and Fiscal Effects: http://www.heritage.org/Research/Reports/2010/09/Obama-Tax-Hikes-The-Economic-and-Fiscal-Effects
 recent CNN survey of economists: http://money.cnn.com/2010/09/19/news/economy/what_to_do_economists_survey/
 dropping the health insurance: http://online.wsj.com/article/SB10001424052748703431604575522413101063070.html?mod=WSJ_hpp_MIDDLETopStories
 Cuba will begin drilling new wells: http://www.nytimes.com/2010/09/30/world/americas/30cuba.html?_r=1&ref=todayspaper
 the majority of Americans (57%) say they have little or no trust in the mass media: http://www.gallup.com/poll/143267/Distrust-Media-Edges-Record-High.aspx
 Washington, D.C., area unemployment rate remains lower than the national average: http://online.wsj.com/article/SB10001424052748704416904575501760957676960.html?mod=WSJ_hpp_MIDDLTopStories
 dissects: http://online.wsj.com/article/SB10001424052748704523604575512060220672440.html?mod=WSJ_Opinion_LEADTop
Copyright © 2011 The Heritage Foundation. All rights reserved.