Sen. Patty Murray (D-WA) threatened on Monday that Democrats would let the Bush tax cuts expire for everybody if Republicans did not compromise with Democrats and not extend the tax cuts for those in income brackets above $250,000.
“Unless Republicans end their commitment to protecting the rich above all else, our country is going to have to face the consequences of Republican intransigence,” Murray said in a speech at the Brookings Institution, according to CBS News.
Would Democrats, for purely political purposes, take the country close to the so-called “fiscal cliff” that would occur if the Bush tax cuts were not extended while the $110 billion in defense and domestic spending cuts take place at the end of the year?
That would most certainly put the country into a full-blown recession.
Even though an overwhelming number of Republicans — and a majority of Americans — favor extending the Bush tax cuts, Republicans they will be pressured to compromise, like Supreme Court Chief Justice John Roberts in the Obamacare case by liberals and the mainstream media.
If an agreement on the Bush tax cuts is not reached by the end of the year, taxes will rise by $1,200 for middle-class Americans, and the mainstream media will wield this threat like a club over the heads of Republicans to get them to compromise on Democrats’ terms.