In their weekly address, Republican Senate Minority leader Mitch McConnell, took aim at government spending, accusing majority Democrats of “maxing out the national credit card on a failed stimulus bill and a government-run health care bill.”
The Kentucky Republican also criticized Democrats for recessing Congress until after the elections without acting to extend the Bush-era tax cuts, which expire in January. Obama and Democratic leaders want to extend the tax cuts only for individuals making less than $200,000 and married couples making less than $250,000, while Republicans and some rank-and-file Democrats want to extend tax cuts for the wealthy as well, a costlier proposition.
Whenever they were asked about this looming tax hike, they just blamed the Republicans,” McConnell said. “They said that Republicans will be to blame for some people getting a tax hike because we didn’t think anyone should get a tax hike. … The fact is, the best way to help individuals and small businesses and the economy is to give them all the certainty that their taxes won’t be going up at the end of the year.”