Wednesday, December 08, 2010

DeMint comes out against tax deal, says GOP must do ‘better than this’

> Sen. Jim DeMint, the South Carolina Republican who bucked his party leadership during the midterm elections, was back at it again Tuesday night, saying he would not vote for the tax cut deal brokered between the GOP and President Obama because it increases the deficit.

Jim DeMint (talking to Hugh Hewitt):

>> I’m glad the President recognizes that tax increases hurt the economy. I mean, I guess that’s progress. But frankly, Hugh, most of us who ran this election said we were not going to vote for anything that increased the deficit. This does. It raises taxes, it raises the death tax. I don’t think we needed to negotiate that aspect of this thing away. I don’t think we need to extend unemployment any further without paying for it, and without making some modifications such as turning it into a loan at some point. It then encourages people to go back to work. So there’s a lot of problems with it. I mean, and frankly, the biggest problem I have, Hugh, is we don’t need a temporary economy, which means we don’t need a temporary tax rate. A permanent extension of our currenttax rates would allow businesses to plan five and ten years in advance, and that’s how you build an economy.

DeMint is of course correct on the specifics. I wish he had been in on the negotiations. It's good that there's criticism from the right. Maybe we make some changes after the new Congress is seated. But at this late date, I think we have to take the deal.

Posted via email from The Blue Pelican

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