GOP Rejects Obama Deal of Replacing Special Interest Tax Breaks With a Payroll Tax Cut
This makes zero sense whatsoever.
Mr. Obama suggested in Thursday’s meeting that leaders end tax breaks for ethanol producers, oil and gas companies and corporate jet owners, and offset those tax increases with an extension of the payroll tax credit for employees, a Democratic official familiar with the meeting said, but Republicans said they would not support it.
Replacing special interest tax breaks with a tax holiday for everybody, and Republicans turn it down? That’s just baffling. Are they TRYING to live up to their stereotypes as slaves to the interests of the rich?
h/t Nate Silver