Mitch McConnell slammed the door on tax hikes today saying raising taxes in this economy is the last thing the government should do in America. He also slammed Democrats today on the Senate Floor.
“The only reason Democrats are insisting on raising rates is because raising rates on the so-called rich is the Holy Grail of liberalism, the Holy Grail of liberalism. Their aim isn’t job creation. They’re interested in wealth destruction.”
Good for Mitch!
The Hill reported, via Free Republic:
Senate Republican Leader Mitch McConnell (Ky.) slammed the door Thursday morning on Democratic demands to raise tax rates on families earning more than $250,000 per year.
“We’re insisting on keeping tax rates where they are, first and foremost, to protect jobs and because we don’t think government needs the money in the first place,” McConnell said on the Senate floor.
“The problem, as I’ve said, is that Washington spends too much. But if more revenue is the price that Democrats want to exact, then we should at least agree to do it in a way that doesn’t cost jobs and disincentivize rates, as we all know raising rates would do,” he said.
McConnell’s comments came a day after Speaker John Boehner (R-Ohio) shot down a proposal by a senior GOP lawmaker, Oklahoma Rep. Tom Cole, to agree to extend tax rates only for families earning below $250,000 and resume the battle against higher tax rates on the wealthy next year.
Boehner said President Obama and Democrats should focus on finding ways to cut spending and reform entitlement programs.