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Thursday, September 30, 2010

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Citizens Against Government Waste (CAGW) has named Senate Majority Whip Dick Durbin (D-Ill.) Porker of the Month for leading the effort to postpone a debate on extending the Bush tax cuts, creating [object Object] more uncertainty in the economy at a time when taxpayers and businesses have been clamoring for clarity. The debate over how and when to address the tax cuts, which will expire on January 1, 2011, has intensified over the last several weeks as the pre-election congressional recess approached. The disposition of the tax cuts is especially important to businesses of all sizes, which cannot plan ahead without knowing the tax consequences of their decisions. Yet, Congress has not taken action. “By failing to expeditiously consider what to do with the Bush tax cuts, Sen. Durbin and other politicians in Congress are contributing negatively to the anemic economy,” declared CAGW President Tom Schatz. “Most Americans support an extension of all of the tax cuts and renewed efforts to restrain the growth of government spending. This Congress, still completely out to lunch when it comes to the plight of average Americans, is holding taxpayers and the economy hostage while they play politics in the run-up to the elections.” For fomenting stress and uncertainty among taxpayers and businesses, kicking the can down the road on critically important tax policy decisions, and playing politics with the fragile economy, CAGW names Sen. Durbin the September, 2010 Porker of the Month.  Read More

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