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Mike Pence: House Republicans Have Tax-Cut Agenda If They Win Majority

4 years ago
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Tax cuts, and then more tax cuts. The No. 3 Republican in the U.S. House says the GOP will extend President Bush's tax reductions and then move toward broader across-the-board tax relief if the GOP claims a majority in the November election.

Rep. Mike Pence (R-Ind.), chairman of the Republican Conference, told CNBC "the first thing that we will do is try to preserve the tax relief of 2001 and 2003 for all Americans -- for all small businesses and family farmers." Once the Bush tax cuts are safeguarded, Pence said, the new Republican majority would move toward "the kind of tax relief that will encourage capital formation, to get this economy moving again."
Rep. Mike Pence, Republican of Indiana
First, of course, Pence said his political party needs to stay focused on Election Day, when it must pick up 39 House seats to reverse the Democratic majority. Polls increasingly point toward a big Republican year. But even before a new Congress is sworn in, Pence said Republicans would "continue to demand that this administration and this Congress make it clear that no American will see a tax increase in January."

President Obama has said the Bush-era tax cuts should be preserved for families earning no more than $250,000 annually. Pence, interviewed Wednesday in Cincinnati, belittled the Democrats' "small-ball" approach to tax relief. The other party, he said, is interested only in "boutique tax cuts."

Pence, a lawyer in his fifth term, said Democrats are "getting an earful about this economy" from their constituents.

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16 Comments

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Rebecca

Its all about keeping the rich, rich and helping them get even richer though they do little to stimulate the economy. It is the little people, those who work pay check to pay check who keep the economy going. With so many people out of work those people aren't spending on anything that isn't an absolute necessity--they simply don't have the cash. . Pence, Boehner, McConnell--they are all nothing but cronies to their wealthy buddies who care nothing for the poor and middle class. Nov. is beginning to worry me.

September 03 2010 at 7:59 AM Report abuse rate up rate down Reply
bassn55

Wait for the big tax breaks, the rich will get when republicans take over.

September 02 2010 at 4:59 PM Report abuse -1 rate up rate down Reply
laurakarma

These Republican candidates and those in office are the people who benefit from Bush's tax cuts. They do not care about the good of the country but rather than keeping their and their rich friends' bank accounts fat. Enough said!

September 02 2010 at 4:15 PM Report abuse +1 rate up rate down Reply
Benz350

Pence must be dreaming or hallucinating. Tax cuts across the board. That is wishful thinking.we have a $13,000,000,000,000 trillion dollar deficit. Who is going to pay that the tooth fairy. Anyone with any amount of common sense knows that tax cuts from Republicans are a pipe dream and political hodge podge. DON'T BELIEVE IT. IT WILL NEVER HAPPEN.We have spent $780,000,000 billion fighting a questionable war in Iraq. And untold billions in supporting a corrupt government in Afghanistan and fighting a war for who knows what.

September 02 2010 at 3:04 PM Report abuse -1 rate up rate down Reply
drbuckles

So the question is where are the jobs from those Bush tax cuts? When the tax cuts were passed they were done so with an end date because they were not accounted for. John McCain would not sign the bill unless it had an end date. During that time we had the lowest jobs totals since the great depression. If the tax cuts are allowed to stay, it will add $3.7 trillion to the debt the next 10 years. So if Republicans are supposed to be physically conservatives why do they want to increase the debt when lowering taxes doesn't increase jobs growth? The next question is why would you put them back in power after they left with a $10 trillion debt, the largest since Reagan's Presidency, and would want to continue the debt by passing tax cuts on into the future as jobs growth? Just asking........

September 02 2010 at 3:01 PM Report abuse +1 rate up rate down Reply
ha94s10ss

Come on, Mr. Pence, it ain't November yet. It's not the taxes that are collected that everyone is griping about, it's the waste the dollars generated by those taxes. And you Mr. Pence with you position in Congress didn't seem to worry about what anything cost the 8 years of the GWB/Cheney administration. Your constituents need to look at your voting record.

September 02 2010 at 2:59 PM Report abuse +2 rate up rate down Reply
drbuckles

Tax cuts, drill for more oil, be afraid of Muslims, and tell us that Obama is a Muslim and is not a citizen, is all the Republicans have. They have no plan for jobs becasue frankly they believe in globalization and Wall Street profits for the rich. That's it..................You have to ask them what they're position on the WTO and trade policies, and tariffs on incoming goods that kill our manufacturing, consequently jobs for Americans.

September 02 2010 at 2:43 PM Report abuse -1 rate up rate down Reply
Don

Unfortunately tax cuts will not work this time, would they would, it would be a simple enough cure. Tax cuts will not work for the same reason that the Fed pumping money into the system will not work. At times of deep distress in the economy people start to hoard cash not spend it. What we need whether the Hon. Mr. Pence and his republican colleagues agree or not is more government spending. The Government has to become the consumer of last resort. And putting money into the hands of people who have to spend it a CCC or WPA program. I am not saying stop unemployment but we should get something for that money, it is better for the country and it is better for the people who receive it to fell that they earn it.

September 02 2010 at 2:18 PM Report abuse +5 rate up rate down Reply
kruddie00

An individual with an income of $40k saves $50 with the tax cut. An individual with an income of $40 million saves $500k.

September 02 2010 at 2:12 PM Report abuse +7 rate up rate down Reply
wolfsonnydiane

Wasnt Pence one of the republicans who were incontrol The 8 years of Bush's rein> Didnt republicans put in place two massive tax cuts that they insisted would create jobs and fill our coffers What did those tax cuts actualy do? Didnt they add 2.3 trillion dollasrs to our deficet ? Didnt they only at best create 1 million jobs in ten years? Just how will we cut taxes at a time of a dramatic drop of revenue and a huge interest on the deficet to pay for?Question to tea party supporters Just how do you think republicans can cut revenue to our goverment and yet pay the interest on the deficet and pay down the deficet Just what is it about tax cuts now that you think will create jobs when they actusly lost jobs the previous ten years or increase revenue when for ten years they failed to increase revenue and actualy cost you 2.3 trilion dollars was those tax cuts actuasly tax cuts or just a deferrment of your taxes to your children

September 02 2010 at 1:42 PM Report abuse +3 rate up rate down Reply

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