Wednesday, November 30, 2011

Carve Out

Press Herald:

A number of Republicans say they are agreeable to extending the payroll tax cut, but don't want its cost -- about $250 billion -- added to the deficit. They also say that the surcharge on millionaires will hurt small businesses and hinder job creation. Other Republicans are ambivalent about the tax cut, saying they aren't sure it will do much in the long run to strengthen the economy.

Collins told reporters on Capitol Hill Tuesday that she might be willing to compromise on the issue if Senate Democrats agreed to exempt small business income from the surcharge on the income taxes paid by millionaires.

"I have advocated that we do a carve out for small business out of the so-called millionaires tax to make sure that it is not hitting subchapter S corporations, for example, and discouraging small employers from doing more hiring," Collins said.
Set aside the question of whether folks making more than $1 million per year in personal income should be seen as engaging in "small business."

Here we have Sen. Collins saying that she's got no problem raising taxes on millionaires and billionaires--she just want to tweak the plan currently on the table.

Has a bit of a familiar ring to it, no?

Any chance Collins is looking to associate herself with a popular proposal while giving herself an out--in the form of an unworkable amendment with no constituency--so that she can avoid actually having to vote for it?

No, of course not.

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