House G.O.P. Leader Signals He’s Open to Obama Tax Cut
House minority leader John Boehner said he would reluctantly vote in favor of letting the Bush era tax cuts for those who make over $250,000 expire as long as tax cuts for the middle and lower classes stay in place. Though Boehner is willing to cast his vote in favor of Obama’s Tax cut he has vowed to fight to renew the Bush tax cuts for everyone. It seems that the Republicans are not the only ones Nancy Pelosi and President Obama must convince to vote in favor of raising taxes on the wealthy, many Democrats are siding with republicans in opposition to the new bill. Some Democrats, agree with Boehner, who thinks it’s a mistake to raise taxes on anyone considering the economic state of the nation.
Boehner’s view that it is better for the good of the economy to keep taxes low during an economic downturn ties in with the idea of classical liberalisms. According to Birklin classical liberalism emphasizes liberties and private property ownership “as a means by which to improve overall wealth and happiness” (Birklin 19).
Kate White
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