Congress has 32 days to act on the "Bush Tax Cuts". 32 days until expiration.
The expiration of the Bush tax cuts was put into law to mask their long-term cost, and so that they could pass under budget reconciliation rules (and thus not be subjected to a filibuster). Even so, the second round of tax cuts — the Jobs and Growth Tax Relief Reconciliation Act of 2003 — barely scraped by in the Senate.
After a tied 50-50 vote, Vice-President Dick Cheney cast the deciding aye to move the Bush tax cuts forward. And in a segment of Brit Hume’s six-hour documentary, The Right, All Along: The Rise, Fall & Future of Conservatism, which aired on Fox News this weekend, Cheney brags about how his vote was the culmination of a 30 year push to put supply-side economic theory into practice:
The Bush tax cuts are always portrayed as a glorious moment in economic history.
Yesterday, David Stockman, budget director under President Reagan, blasted the Republican party for creating a “theology” regarding tax cuts. “After 1985, the Republican Party adopted the idea that tax cuts can solve the whole problem, and that therefore in the future, deficits didn’t matter and tax cuts would be the solution of first, second, and third resort,” Stockman said. Indeed, it was Cheney himself who allegedly claimed that “deficits don’t matter.”
While Democrats and President Obama have said that they want to preserve the tax cuts for the middle-class which would be a savings of $830 billion over ten years by allowing the cuts to expire for the richest two percent of Americans. Republicans have steadfastly refused to consider anything but an across-the-board extension.
Bought and paid for: of the wealthy, for the wealthy, by the wealthy.
Cheney is sub-species known as the "Chicken Hawk,” which is a person who publicly supports a war but is too much of a chicken to fight in it himself. In 1963, with the draft board ramping up, Cheney enrolled in Casper Community College (one of the finest institutions of higher-learning in Southwest Casper), and received his first student deferment. Later that year, he got his second student deferment. In August of 1964, Congress passed the Gulf of Tonkin resolution, escalating American military involvement. Twenty-two days later, Dick married his wife, and a few months later received his third deferment. In July, 1965, President Johnson announced he would double the number of draftees. Cheney moved quickly, entered graduate school that year, and received his fourth student deferment. This was quite a sacrifice, as grad school is known to be extremely boring. Cheney received a “hardship exemption" in 1966 when he and his wife conceived their first child. By the next year, he was no longer eligible for the draft. It had been a long process, but Cheney learned a valuable lesson: if you get in a jam, you can usually get out of it by making babies.
Dick was and is the biggest supporter of Iraqi war.
Dick is not partial to being heartless, corrupt, unethical, iniquitous, knavish, mercenary, nefarious, on the take, open, perfidious, praetorian, profiteering, racket up, reprobate, rotten, shady, snide, tainted, treacherous, two-faced, underhanded, unprincipled, unscrupulous, untrustworthy, and venal.
His bragging of casting the winning vote for the Bush tax cuts clearly characterizes Dick as being "number one", even if it's in his eyes only.