House Democrats have rejected the Senate's negotiated tax compromise. In a rowdy meeting in which one Democratic Congressman said loudly "F--- the President," the House Democrats turned Nancy Reagan and just said no.
Barney Frank still thinks it would pass, most likely with House Republicans.
But the deal must now die. It must now be opposed by Republicans. Released now in print, the legislation is loaded up with budget busting pork of ridiculously absurd levels. The attachments to the compromise represent everything wrong with Washington. Many of them mirror the same porkulus spending in TARP.
The GOP must now say no. GO TO THE REDSTATE ACTION CENTER RIGHT NOW and call your Senator.
The legislation contains a huge amount of pork, some in the form of tax extenders that only the most coin-operated of conservatives can really defend. It even has ethanol subsidies. Put it to you this way — with the logic of those vocally calling for support of these earmarks, if the Democrats gave a tax credit for abortion, you'd have these same conservative groups defending them. No, that is not an exaggeration.
The tax compromise already busted the budget with the unemployment extension. Ultimately, all the Republicans were getting anyway was keeping current income tax rates.
They now need to walk away from the table. Call now.
NOTE: Senator Mitch McConnell's office is now doing a full court press saying that the tax breaks for particular companies are not "earmarks." Friends, an earmark is not necessarily spending money, but is a line item put into legislation or a committee report without full congressional review typically from one member of Congress on behalf of a lobbyist or donor to benefit the lobbyist's client or the donor. How the hell is a line item related to Starkist Tuna in American Samoa carved out just for them not an earmark for one of the major employers in Nancy Pelosi's congressional district?