Republicans are the party of business and the rich. Democrats are for the working man.
That’s what my dad always said.
Dad, I think you were on to something.
The Times reported Thursday that the Republican-led House approved a 20% business tax break for companies with fewer than 500 employees. Republicans say it will boost the economy, but Democrats say it will add $46 billion to the deficit and that it favors wealthier business owners, celebrities and sports teams.
It probably doesn't matter. The Senate isn't likely to approve it anyway. (Of course, that would be the Senate that recently voted to keep giving Big Oil billions in tax breaks.)
But here’s where I hear my dad’s voice:
Remember the fight over extending the payroll tax cut? Remember how Republicans insisted that it be offset by cuts elsewhere in the budget? Remember how it took months to resolve, with the Republicans finally caving?