Sen. McConnell Defends Tax Cuts For The Rich To Protect The People "Hit Hardest By This Recession"
Yesterday, House Minority Leader John Boehner (R-OH) unexpectedly suggested that he could support President Obama's plan to enact permanent tax cuts for the middle class while allowing the Bush tax breaks for the wealthy to expire. Boehner's comments have prompted fierce pushback from conservatives in the House and Senate alike, who disagree with the public about giving tax cuts to the richest Americans. In a speech on the Senate floor today, Sen. Mitch McConnell (R-KY) argued that Obama's plan would hurt "the people who've been hit hardest by this recession."
Senate Republican Leader Mitch McConnell, R-Kentucky, announced Monday he will introduce legislation that would ensure that no one pays higher income taxes next year.
"We can't let the people who've been hit hardest by this recession and who we need to create the jobs that will get us out of it foot the bill for the Democrats' two-year adventure in expanded government," McConnell said on the Senate floor.
McConnell was referring specifically to small business owners, and there's no doubt they have been hit hard by the downturn. However, the expiration of the Bush tax cuts would only affect roughly 3 percent of small business owners — a fact that Boehner conceded yesterday — and McConnell has been blocking a bill to help small business owners since July. Meanwhile, it's tough to defend the notion that anyone earning more than $250,000 per year has been hit harder than the millions of working Americans who will benefit from Obama's proposed tax cuts, which McConnell has vowed to fight at any cost.