This policy proposal from Senate Republican Leader Jon Kyl (of Arizona) with a $678 billion price tag — yes, BILLION — puts the hullaballo over the $800 million “edujobs” controversy into some perspective. How about we tap into THAT source of revenue by letting the tax cuts expire to save teachers’ jobs and leave the currently authorized education reform programs alone?
From Huffington Post (“Jon Kyl: Extend Bush Tax Cuts for Wealthy Even If They Add To Deficit”):
Top Senate Republican Jon Kyl (R-Ariz.) insisted on Sunday that Congress should extend the Bush tax cuts for the wealthiest Americans regardless of their impact on the deficit, even as he and other Republicans are blocking unemployment insurance extensions over deficit concerns.
White House aides immediately seized on the comments. Press Secretary Robert Gibbs wrote on Twitter, “Kyl says wealthy need big Bush tax cuts while middle class families are on their own to fend for themselves as a result of Bush economy.”
With concerns over the massive budget deficit, rising income inequality, and an inability to fund existing programs, why again should we extend tax cuts for the wealthiest Americans that were bad policy when they were enacted? And this at the same time when Republicans are refusing to extend $30 billion of unemployment benefits for Americans hit hardest by the recession. That’s rich.
The Washington Post editorial page weighed in on this issue in today’s edition, too.