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Kudlow: Bernanke and Ethanol Subsidies Sink Egypt

Republicans «

Oklahoman: Pledge shows Republicans have been listening to Americans

The Republicans’ “Pledge to America” unveiled last week reflects the difficulty in the transition the GOP hopes to make in the November elections — from the minority party in Congress to more equal footing with Democrats, if not the outright majority.

One line of thought holds that Democrats are sinking fast enough on their own, so let them. Just get out of the way and let the weight of their Big Government policies, propounded during nearly four years controlling Congress and nearly two years running everything in Washington, do its thing.

The other argument is that Republicans, in asking Americans to hand them congressional control, or at least a piece of it, must say what they would do with that control. The GOP fell short the last time it was in charge, so it’s obligated to detail how things would be different if given another shot.

Thus, the document Republicans produced last week walks a narrow line. It’s not a campaign platform or a legislative blueprint. It’s more a statement of philosophical conviction and direction — one that mostly succeeds in assuring voters that Republicans have heard their demand for a stop to the Democrats’ agenda of increased spending, higher taxes and expansion of federal reach into their everyday lives.

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Wash. Post: Democrats Seek 1 Senate Republican Apostate on Financial Takeover

By Shailagh Murray and Brady Dennis

Democratic leaders scrambled Monday to peel away the Republican votes they need to bring a Wall Street reform package to the Senate floor this week — an effort hampered by sharp partisan divisions.

Both sides are eager to exploit a lingering resentment toward Wall Street in the election-year debate. Democrats have seized on the attempt to curb reckless investment practices as part of an effort to depict the GOP as out of touch with the concerns of average Americans. On Monday, Democrats sought to use a lawsuit brought against financial giant Goldman Sachs by the Securities and Exchange Commission as a cudgel to persuade Republicans to line up behind the bill.

Republicans, in turn, think voters have even less faith in Washington than in the banks and investment houses that played central roles in the nation’s economic collapse, and they are portraying Democrats’ overhaul attempt as a “bailout” that could cost taxpayers billions.

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Wash. Examiner: Dems claim tax cuts, GOP calls it spending in disguise

By: Susan Ferrechio
Chief Congressional Correspondent
April 16, 2010

As protesters rallied outside, Democrats and Republicans engaged in a battle over taxes in the Capitol, with Democrats claiming credit for massive tax cuts while Republicans accused them of actually raising taxes by hundreds of billions of dollars and breaking President Obama’s pledge to not raise taxes on the middle class.

The first volley was fired by House Democrats, who sent a missive to reporters proclaiming they have led Congress to cut taxes by more than $800 billion.

“In the midst of the worst economic crisis since the Great Depression, Congress and the President acted swiftly to bring relief to our nation’s families and businesses, and create good-paying jobs,” Speaker Nancy Pelosi, D-Calif., said in a statement. “A critical element of that relief and recovery effort was tax cuts for the middle class and small business owners.”

Pelosi credited the $850 billion stimulus bill, saying more than one-third of it is comprised of tax relief for the middle class.

Democrats are also touting the new health care law as a tax cut because many people will get tax credits if they purchase health insurance.

Incredulous Republicans disputed the claim, saying much of what Democrats call tax cuts is actually government spending, and that the party has passed middle class tax increases and is planning more, including a potential fuel tax, a tax on those who do not purchase health insurance and a tax on expensive insurance plans.

Get full story here.

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