San Francisco (Obama.net)- Earlier this week, President Obama and the Republican Party came together and agreed on a package deal that would extend the Bush era tax cuts for all American citizens for the next two years, extend the unemployment benefits as spelled out by the 99 Weeks extension for another thirteen months, reduce the payroll tax by two percent until 2012, a decrease the estate tax as well, and an extension of tax breaks for college students and their families.
Immediately, Democrats came out in disapproval of the negotiation saying that extending the tax cuts to the wealthiest Americans is unacceptable.
Thursday, the Democrats in the House of Representatives showed their disapproval as well by voting against the bill.
Maryland’s Chris Van Hollen said after the vote, “This message today is very simple. That in the form that it was negotiated, it is not acceptable to the House Democrats caucus. It’s as simple as that.” He then said that the House Democrats do plan to continue negotiations with the Republicans and President Obama “to try and make sure we do something right for the economy and right for jobs”.
Despite the adamancy of the House Democrats, they are overlooking the number one priority in the matter: the citizens of the United States of America.
President Obama agreed to the deal with the Republicans because it was clear from the beginning that the Republicans would not pass a measure that did not extend tax breaks for those making at least $250,000. As a result, Obama agreed to allow Republicans to extend the tax breaks to that group of Americans as part of an agreement that would extend unemployment benefits, reduce the payroll tax, and extend tax breaks for students and their parents.
Obama made a deal knowing that if nothing is done by the time Congress breaks for the holidays, the unemployment benefits would expire, the tax breaks would expire, and taxes would go up on all Americans who would as a result suddenly have to live with thousands of dollars less to pay the bills with.
In essence, Obama did what benefited the American people knowing that come January, it would be even tougher to get his ideas passed in Congress.
The Democrats in the House of Representatives, for whatever reason, on this day did not think that Obama’s plan to help the American people was good enough.
Unless a plan that is better than the one Obama put together with Republicans is put together by House Democrats soon, then those men and women will have some explaining to do to the citizens in their districts who would be taking enormous financial hits come January.