This is the least surprising thing you will ever read:
House Republican leaders say they are rejecting President Barack Obama’s jobs proposals to rebuild schools and blighted neighborhoods, and help keep state and local employees on the job.
In a memo to GOP lawmakers that was also issued publicly and reprinted in The New York Times, House Speaker John Boehner, House Majority Leader Eric Cantor, R-Va., and other Republican leaders also objected to the president’s proposal for a temporary reduction in payroll taxes, in order to boost consumer spending and increase demand.
The GOP leaders say such a temporary reduction means taxes will go up later when the reduction expires in 2013.
“While employees would see an additional temporary benefit from this proposal in 2012,” they wrote, “they would experience a larger effective tax increase 12 months later when the payroll tax reverted back to its full level.
“There may be significant unforeseen downsides to large temporary tax cuts immediately followed by large tax increases,” they added.
Boehner and his GOP colleagues also say that Mr. Obama’s move to tax the wealthy claiming itemized deductions will hurt churches and other nonprofits.
The memo says Mr. Obama’s proposal to spend $50 billion to repair and improve infrastructure and to create a $10 billion national infrastructure bank is “adding more money to the same broken system,” and is “more likely to produce waste and inefficiency than meaningful results.”
This is playing out pretty much as I expected. Up next, the manic progressive wing starts screaming about Obama not just making his job plan law by waving a magic wand, the “bully pulpit” chorus begins, all while the media completely ignore Republican intransigence and instead focuses on the “rift” inside the Democratic party while having concerned and excited chats about Obama’s sagging popularity.
No one could have predicted.