On Tuesday the House of Representatives will vote on H.R. 3630, the “Middle Class Tax Relief and Job Creation Act of 2011.” Our colleague at the Heritage Foundation, David Addington, has a comprehensive review of the legislation here.
Having read Addington’s review it is clear to us that there are some very positive pieces of conservative policy in the bill.
Earlier today, the Biden-led debt ceiling talks collapsed, as House Republican Leader Eric Cantor (R-VA) and Senate Minority Whip Jon Kyl (R-AZ) pulled out because Democrats were unwilling to take tax increases off the table.
Our debt crisis was created by overspending, not undertaxing, and until Democrats in Washington accept that reality, we will make no progress in heading off this crisis. Leader Cantor and Senator Kyl did the right thing in abandoning the Biden-led effort.