Congressman Thompson and Others React to the Obama Tax CompromiseBy Lawayne Childrey | Published 13 Dec 2010 07:58am |
US Senators are showing their support for the tax-cut deal agreed to by President Barack Obama and congressional Republicans. A test vote yesterday revealed that the plan has enough votes to advance toward a final vote. MPB's Lawayne Childrey reports the current measure does NOT have the support of one Mississippi congressman.
Even though the Senate and President have reached a tax agreement compromise Mississippi's 2nd district Congressman Bennie Thompson says it's still one that he can’t support.
"It increases the deficit by around 900 billion dollars. It enhances the pockets of millionaires and billionaires more than it does working people."
Thompson says for him the sticking point remains continuing tax cuts for Americas riches families. He along with national political strategist Donna Brazile spoke on the subject at the Annual Airports Economic Forum in Jackson yesterday. Brazile says Vice President Joe Biden told her that the President made the agreement because he had no other option.
"They wanted the tax cuts and in exchange the President could get a little bit of this a little bit of that. Everything is held hostage until they get what they want. So the president decided, ok, I'mma give you what you want, make sure all my people, all the middle class all the working poor, all the unemployed get a little bit too. That's what we've been reduced to in this country."
Along with the tax cuts, President Obama has been able to work out a plan that would extend federal unemployment benefits and also expand the number of people eligible for earned income tax credit. Ed Sevac. President of the Mississippi Economic Policy Center recently, told MPB News that part of the plan could help nearly 300 thousand children and families in Mississippi.
"That type of tax policy puts money back in the hands of working families. These are the families that are going to spend the money in Mississippi."
The House could take up the tax plan as early as today and vote on it by the end of the week. Lawayne Childrey MPB News.
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