Pascrell calls for Dems to compromise on taxes as North Jersey GOP candidates praise pledge

No . . . . !



Rep. Bill Pascrell Jr. said Thursday it’s time for Democrats to compromise with Republicans on taxes, and they need to pass a bill before Election Day.

Massive tax increases loom as a series of tax-cut bills dating back to 2001 are all set to expire at the end of this year.


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Pascrell, D-Paterson, pitched his proposal at closed-door meetings of the full Democratic caucus and the Democratic members of the Ways and Means Committee. He and Rep. Michael Capuano, D-Mass., also released a letter to both parties’ leaders.

Their plan calls for a five-year extension of rates for those making under $250,000 and a one-year extension for individuals or couples making less than $500,000. It also would provide a five-year extension of capital gains and dividend rates.

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http://www.northjersey.com/news/092310_Pascrell_calls_for_Dems_to_compromise_on_taxes_as_North_Jersey_GOP_embraces_tax_pledge.html

I can not think of a single thing... They expect Democrats to always compromise and Democrats usually do.