San Francisco (Obama.net)- In what has become a common trend in American politics over the last few months, the Republicans are standing in the way of important Democratic legislature being passed, and President Barack Obama is anything but pleased.
Obama came to campaign in Fairfax, Virginia on Monday and while there, the President of the United States of America talked about the current economic situation and tax cut extensions.
One thing Obama made perfectly clear was that to extend all of the tax cuts would be unwise as giving them to those making over a quarter of a million dollars a year would mean giving up too much money as a nation to people who do not need it. Obama pointed out that extending the tax cuts enforced by former President George W. Bush to the rich of nation would cost an approximate $700 billion, which would be a huge help in repaying a nice chunk of the national debt.
The Republicans are trying to make the case that no one should have taxes raised on them during these tough economic times, but President Obama has looked into the figures and realizes that the wealthy of the state can more than afford it.
Obama is gaining a slight bit of bipartisan support. A big help is coming from Ohio’s John Boehner, the House Minority Leader who has said that if Obama’s version of the extensions is the only option, then he will vote to pass the extensions sans extending the cuts to the wealthy.
Boehner is one of the few Republicans supporting Obama’s plan. Even Joe Lieberman is pressing for an extension of all the cuts.
Republicans are complaining that the Democrats have spent too much. The Republicans are also standing in the way of the passage of important bills such as the small business measure, which would provide financial aid to local businesses and community banks to increase job growth and expansion.
Obama is pressing for the bill to pass, but he needs help from some Republicans.
As the Senate will be in session for one more month before the campaigning for the Midterm Elections will go into full swing, there is much speculation if the vote would even be held before the elections.
The most important thing Obama said in Virginia about the likelihood of passing any bills in the Senate, “Frankly, we don’t have 60 votes in the Senate.”