Posted by WARREN MOSLER on September 23rd, 2010
Blatantly delaying action on something that can help the economy for presumed political gain is a blunder equal to the Republicans saying they would oppose the proposed Obama tax cuts.
It doesn’t get more insulting to the voters than this.
Vote on Bush Tax Cuts Is Now Unlikely Before Nov. Elections
Congress will not vote on extending Bush-era tax cuts before the November elections, a U.S. Senate leader said Thursday, reflecting fear among some Democrats that it could hurt their chances at the polls.
“The reality is, we are not going to pass what needs to be passed to change this, either in the Senate or in the House, before the election,” said the Senate’s assistant majority leader, Dick Durbin.
Durbin told reporters he saw no hope for a quick decision on the controversial tax cut question in the current tense political atmosphere.
He said the final decision on the timing of a vote in the Senate would be made by Senate Majority Leader Harry Reid.
Durbin said the likelihood of having an early vote was “very, very slim.”