Tags: Jordan | reinforcements | Bush | tax

Rep. Jordan: GOP Reinforcements Will Extend Bush Tax Cuts

By    |   Saturday, 30 June 2012 08:19 PM

The Bush tax cuts are likely to be extended once GOP reinforcements arrive in Washington after the November election, Rep. Jim Jordan, who chairs the influential Republican Study Committee in the House tells Newsmax.TV.

“I think we’re going to win in November," the Ohio congressman said in an exclusive interview . "My hope is that if we can’t get the Democrats to go along with keeping the tax rates in place.

"If we get into the next Congress, when the reinforcements come, we can do the right thing and get tax rates lowered then, and reform the overall tax code.

“Everyone understands our tax code is too complex. We need to reform it and lower rates and put in place a rational tax policy,” Jordan explained. “But we may have to wait until we get the reinforcements to do it the next Congress.”

Watch our exclusive interview. Story continues below.

His conservative Study Committee’s budget would cut $3.4 trillion from entitlement payments, increase the retirement age and reform Medicare. It would also repeal the Affordable Care Act, which the Supreme Court upheld on Thursday and make the George W. Bush tax cuts permanent.

It is a rival plan to one put out by GOP Rep. Paul Ryan of Wisconsin. Jordan has said that his group’s plan would balance the budget within five years while Ryan’s would take 28 years to reach the same goal.

Jordan stressed that Republicans are moving forward with their strategy to repeal the healthcare act and restart the  debate following the "disappointing" Supreme Court ruling.

“You need to let the American people know we are committed to getting rid of this law. We think it’s bad precedence, bad law, not going to help the healthcare needs of families and business owners across this country,” he said. “We’re committed to repealing it and then restarting the debate.”

Even so, Jordan acknowledged that Obamacare will only be repealed if Republicans keep the House, retake the Senate and wrest the White House away from President Barack Obama.

“The only way you’re going to ultimately repeal this thing is changes in the White House and change the makeup of the United States Congress. It’s really that simple,” he asserted. “We’re going to have the vote in the House. We’ll vote to repeal. It will go to the Senate, Harry Reid won’t repeal it, obviously — and even if the Senate would suddenly see the light and do that, President Obama wouldn’t sign it.”

He said Thursday’s Supreme Court ruling underscores the importance of the upcoming election. “This issue will remain front and center in this campaign, but the American people are going to have to speak and it’s something I’ve been telling folks all across our district, all across the state,” he said. “This election’s critical and the way we change it — the way ultimately to repeal this bad law — is for the American people to elect a new president.”

One indication of the unpopularity of Obamacare is the large number of contributions that came pouring into the campaign of GOP presidential hopeful Mitt Romney following Thursday’s ruling, reported to have topped $4.6 million overnight.

“It was a disappointing — and in some ways surprising — decision, but from a political perspective, when people look at this, it just fires up Americans more to say we need to change who makes up Congress, who’s in the White House so we can fix this thing,” declared Jordan, who believes that Americans perceive Obamacare to be a threat to freedom.

While a recent Quinnipiac poll shows the president up by 9 percentage points in Ohio — 47 to 38 percent — Jordan said that the results may be skewed.

“I think it’s real close in our state, and frankly, I have a very good feeling. I think Gov. Romney is going to win our state,” he predicted. “The truth is, if you win Ohio, you’re most likely going to be president. That’s just the way it works because we’re such a bellwether and sort of composite of the country. So I have a good feeling, I really do.”

Obamacare is also likely to figure prominently into the expected budget showdown in Congress later this year, Jordan said.

“Probably what it does is it further highlights the tax increases that are coming,” said Jordan. “When you add all that together I think it just highlights and underscores how serious the tax issue is. So you’re going to see us vote here in the House to keep in place the tax cuts that are there on the marginal rates, on cap gains, on dividends, on payroll.

“You’ll see us keep those tax rates in place so that we don’t have a tax increase on the American people. Again, I don’t think Harry Reid will pass it but I think what this decision does is underscore how serious the tax debate is as well.”

As the House moved on Thursday to hold Attorney General Eric Holder in contempt by a 255 to 67 margin over his refusal to turn over documents relating to the bungled Fast and Furious gun-running operation which led to the death of border aent Brian Terry, Jordan commended the 17 Democrats who crossed party lines.

“They look at the rule of law as more important than partisan politics and I commend them for their vote,” he said. “Look, this is real simple. Give us the documents. You’ve had ample time, more than ample time. Give us the documents so we can get to the truth, so the Terry family can get to the truth, so the American people can get to the truth and know what took place in this Fast and Furious Operation.”

© 2018 Newsmax. All rights reserved.

1Like our page
Saturday, 30 June 2012 08:19 PM
Newsmax Media, Inc.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
© Newsmax Media, Inc.
All Rights Reserved