Tales from the Trail

Liberal millionaires to US: Please hike my taxes

moneySome liberal millionaires are putting their money where their mouths are: they are calling on Democrats to stay true to their word and allow the Bush-era tax cuts for the wealthiest to expire next year.

Joining the likes of Warren Buffett and George Soros, a calling themselves “patriotic millionaires” want President Barack Obama and congressional Democrats to raise their taxes to levels before former President George W. Bush cut them in 2001.

“We have done very well over the last several years,” about 50 millionaires including several early Google Inc. executives and the founder of IAC’s Ask.com, say in a letter to leaders. “We don’t need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers.”

Obama wants to let lower tax rates expire above the first $200,000 of an individual’s income but has been clashing with Republicans, and some in his own party, in Congress on a deal to prevent all taxpayers from seeing hikes on January 1.

The group is asking policymakers to extend the higher rates for those making more than $1 million. New York Democratic Senator Chuck Schumer has suggested that benchmark, as have some others.

What wilderness? Republicans emerge from elections ready to charge

Republicans have emerged from the political wilderness and they’re wasting no time laying down markers.

Senate Republican Leader Mitch McConnell particularly sounds like he’s looking for bear, not mincing words in his speech at the Heritage Foundation today.  SAFRICA/

Never mind that his party is still  in the minority in the Senate and would need support from Democrats and the president to get anything enacted, McConnell appears ready to lay down the law.

from The Great Debate:

Senate Democrats choose losers to lead

[Updated to correct date of Daschle defeat.] For the second time in less than a decade, the Senate Democrats are finding themselves with a leader facing political extinction. Tom Daschle, Harry Reid’s predecessor as the leader of the Senate Democrats, lost his own reelection race in 2002 in 2004, having become minority leader after the 2002 elections. For Democrats, this is not an unprecedented experience.  In the 1950s, back-to-back Democratic leaders also lost their seats.

Checking out the relatively short history of the Senate Leader position shows that the Democrats have been more willing to choose vulnerable members. There have been only 11 Senate Democratic leaders (the position officially came into existence in 1920), and four have lost reelection campaigns.

Republicans have, in some ways, a happier success rate. The first Republican leader, though unofficial, was Senator Henry Cabot Lodge, who died in office in 1924. Including both of those men, of the Republicans' 17 leaders (one was only acting), only one lost his reelection campaign, James Watson of Indiana in the FDR tidal wave of 1932. In other ways, not so happy. Five of their leaders have died in office (as opposed to only one for the Democrats).

Washington Extra – Ducking the issue

U.S. Treasury Secretary Timothy Geithner testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on The Treasury Department's Report on International Economic and Exchange Rate Policies on Capitol Hill in Washington September 16, 2010.

We were all primed for the release of the Treasury’s global currency report this afternoon, which would have included a ruling on whether China was a currency manipulator. But a decision was taken to delay the report until after the Group of 20 summit in Seoul in mid-November.

Pressure from lawmakers and business had been mounting on President Barack Obama to act, but the delay shouldn’t come as a big surprise. After all, Treasury Secretary Tim Geithner told Congress last month he wanted to rally the G20 around the issue and take a multilateral approach. Perhaps more importantly, the administration is conveniently ducking the issue until after the Nov. 2 congressional elections.

Some Democrats, who have made China’s currency practices an issue in their campaigns, are disappointed today. Our Breakingviews columnist James Pethokoukis says Obama should be given credit for resisting populist pressures for the second time this week, after also declining to heed appeals to impose a national moratorium on home foreclosures.

Bill Clinton emerges as leading U.S. political favorite — poll

OBAMA/

CLINTON/Nearly a decade after his presidency ended in scandal and disgrace, Bill Clinton has emerged as the most popular figure in the U.S. political firmament, according to a new NBC/Wall Street Journal poll.   Except he’s not running for office.

Fifty-five percent of the 1,000 adults who responded to the survey reported having positive feelings about the Arkansas Democrat, vs. only 23 percent who harbored negative feelings. (When he left office in early 2001, his ratings were 34 percent positive and 52 percent negative.)RACING/

The poll, which has a 3.1 percentage point margin of error, comes at a time when many voters are angry about the country’s economic straits, including high unemployement and an exploding fiscal deficit. Clinton’s two-term presidency was marked not only by impeachment and the Monica Lewinsky scandal but also by buoyant growth and a balanced budget.

Washington Extra – Whose party?

As a Brit I never like to write too much about the Tea Party, but today I have no choice.
teaparty2
Every week that goes by the movement seems to gain more momentum. On Tuesday, our poll showed Democratic heavyweight Harry Reid clinging to a narrow lead in Nevada against Tea Party insurgent Sharron Angle. That night, Republican establishment favorite Michael Castle was knocked off his perch in the Delaware primary by upstart Christine O’Donnell. Today, our Reuters/Ipsos poll shows one of the Tea Party’s most well-known favorites, Marco Rubio, opening a clear lead in the race for a Senate seat from Florida. With just six weeks to go until the elections, Rubio leads state Governor Charlie Crist, now running as an independent, by 40 percent to 26 percent, with Democrat Kendrick Meek trailing behind.

But who is going to benefit?

Republicans are hoping the surge in enthusiasm for a right-wing agenda will get their supporters to the polls, and right now there is a definite “enthusiasm gap” between Republicans and Democrats in terms of their likelihood to vote.

Democrats are still hoping that “Tea Partiers” will simply be too right-wing for voters to accept in many states. The contest in Nevada is a critical one, with Reid hoping he can cling to his slightodonnell lead against Angle, a lead he might not have against a more centrist candidate. More to the point, some Dems could scarcely contain their glee this morning after O’Donnell’s victory, calling her an “ultra right-wing extremist” who will be rejected by Delaware voters, and arguing they might now just keep control of the Senate as a result.

Reuters-Ipsos poll: Senate Majority Leader Reid barely ahead in Nevada race

Perhaps it will become known as a tale of two Reids.

Senate Majority Leader Harry Reid is barely ahead of his Republican opponent Sharron Angle in the Nevada race for U.S. Senate, and his son Rory Reid is slipping against Republican Brian Sandoval in the governor’s race, according to a Reuters-Ipsos poll.

Looking at likely voters, Reid is up 46-44 percent against Angle. Among registered voters, Reid is up 46-38 percent and among independents, he is up 29-15 percent. USA-ELECTIONS

When it comes to Nevada voters views of the Tea Party, which supports Angle, 51 percent of registered voters, 56 percent of Republicans and 57 percent of independents said it would make no difference on whether to support or not support Angle.

Democrats disagree on NY mosque, White House says no problem

Barack Obama and Harry Reid agree on most things.

They both favored stimulus measures to boost the economy. They both want climate change and comprehensive immigration reform to pass the Senate — at least someday.

OBAMABut the U.S. president and the top Democrat in the Senate disagree about an issue that could become a flashpoint in the November elections: whether or not a Muslim cultural center in New York should be built near the site of the Sept. 11 attacks.

Obama has come out forcefully in favor of the rights of the builders to put the center, which would include a prayer room and an auditorium, near the site known as “Ground Zero.”

Reuters/Ipsos poll – Reid leads Republican rival in Nevada Senate race

Senate Democratic leader Harry Reid, one of America’s most powerful politicians, holds a narrow edge among likely voters in his re-election bid in recession-lashed Nevada, a Reuters-Ipsos poll said Tuesday.USA/

The struggling U.S. economy is paramount in voters’ minds as they look ahead to the Nov. 2 election in Nevada, with 74 percent citing the economy as their top concern, the poll of 600 Nevada voters done July 30-Aug. 1 found.

And Nevada’s high jobless rate of 14.2 percent and rising home foreclosures and bankruptcies appear to be taking their toll on Reid in his attempt for a fifth six-year term. Seventy-one percent of registered voters said the state is on the wrong track.

‘If I could live another 100 years, I’d like to continue in the Senate’ – Robert Byrd

CHARLESTON, W.Va. – It was a sight that would have seemed unimaginable when Senator Robert Byrd was growing up in West Virginia.

On Friday at a memorial service for the longest-serving member of the U.S. Congress, the first black American president paid tribute to a man who in his youth had belonged to the Ku Klux Klan.

OBAMA/It was just a moment in time, but reflected the sweep of social and political change in U.S. history during the 92 years of Byrd’s life.