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17 September 2010

Bishop Differs With Obama On Extending Bush Tax Cuts

Two years ago, 2nd district Congressman Sanford Bishop served as co-chair for then-candidate Obama's campaign here in Georgia. At the time, Bishop said, "(Obama) is the only candidate who will challenge the conventional thinking in Washington and transform our politics."

What a difference time makes.

The Hill newspaper reported Thursday that the Albany Democrat was one of several members of Congress signing a letter that urged House Speaker Nancy Pelosi to extend all the Bush tax cuts [Heflin, Jay (2010-9-16). Thirty-one Democrats urge extension of all Bush tax cuts. The Hill. Retrieved on 2010-9-17.].

Georgia Democrats John Barrow and Jim Marshall also signed the letter to Pelosi.

Bishop's position is contrary to that of President Obama, who wants to extend the tax cuts only for the middle class.

President Barack Obama urged Republicans on Wednesday to help renew Bush-era tax cuts quickly for the middle class but not wealthier Americans -- a flashpoint issue going into November's congressional election.

"Once again, leaders across the aisle are saying no. They want to hold these middle-class tax cuts hostage until they get an additional tax cut for the wealthiest 2 percent of Americans," Obama said.

"We simply can't afford that," he said, rejecting the Republican argument it is not the right time to raise taxes on anyone, given concerns the economy is not rebounding fast enough from the worst recession since the 1930s.

Colvin, Ross and Ferraro, Thomas (2010-9-16). Obama: Republicans playing games with tax cuts. Reuters. Retrieved on 2010-9-17.

Americans cannot afford a tax increase.

People are struggling to make ends meet and they need every nickel to survive in this tough economy.

Raising taxes is a bad idea, and it is good that Sanford Bishop broke with the President on this issue. Supporting an extension of all the tax cuts is good politics, and it'll help Bishop win re-election this November.