Senator Obstruction, Jon Kyl, takes America hostage (again) for tax cuts for the rich

Posted by AzBlueMeanie:

Arizona and America cannot get rid of this ignorant evil bastard soon enough. Senator Obstruction, Jon Kyl, says We’ll Only Extend Payroll Tax Cut If You Extend Bush Cuts Too | TPMDC:

On the Senate floor Monday, Sen. Jon Kyl argued that reducing the payroll tax doesn’t stimulate the economy — a claim most economists disagree with — and criticized the Democrats’ plan to offset the cost of the tax holiday with a small surtax on millionaires.

“We should therefore only do it under circumstances that in effect override these objections, one of which would be to extend all of the taxes that expire at the end of next year — at the end of 2012,” Kyl said. “That would be a good idea.”

Kyl’s suggestion would dramatically worsen the overall fiscal impact of a the payroll cut. The plan Democrats introduced Monday would last one year at a cost of about $180 billion. A full extension of the Bush tax cuts would cost about $4 trillion over 10 years.