Rep. Blumenauer: Reject the tax compromise!

I thank you for your opposition to the tax compromise coming before the House. It is my belief that the proposal endangers Social Security by reducing its income and breaking the wall between it and the general fund; perpetuates unfair tax policy that will be even more difficult to repeal later; and stimulates the economy insufficiently to justify its trillion dollar price tag. In the long run it causes far more economic damage than it averts.

No doubt failure to pass this bill will endanger the weak economic recovery by abruptly cutting off extended unemployment benefits and by raising taxes on lower income earners. It is unfortunate that President Obama has set a trap whereby liberal Democrats will appear to be at fault for this, when in fact it is the fault of filibustering Republicans who refuse to give up staggeringly unfair tax cuts on the wealthiest Americans. But regardless of the political fallout, voting NO is still the right thing to do. Thank you again for standing up for fiscal sanity.