A pair of prominent Republicans -- one from the Senate, the other from the House – on Thursday called for a permanent extension of tax cuts at all income levels, just as a vigorous floor debate was under way about Democratic legislation to extend tax relief for just the middle class.
"Sen. Jim DeMint and I are introducing legislation that will ensure that no American, small business owner or family farmer will see a tax increase on Jan. 1, 2011, 2012, 2013 and beyond," said Indiana Rep. Mike Pence.
DeMint and Pence introduced the bill before Thanksgiving, but started promoting it Thursday. They want an up-or-down vote on all the tax cuts at the same time, a permanent end to the estate tax and a fix for the alternative minimum tax. The duo told reporters that uncertainty about future tax rates is stifling economic recovery.
"The economy is waiting to roar back in this country," DeMint of South Carolina said, "and the fact that we have waited this long to even address the issue tells you that the people running this government don't understand how business works."
Article continues here