In his party’s weekly address, Republican Sen. Orrin Hatch called on Congress to pass a full extension of the George W. Bush-era tax cuts and argued that repealing any of the cuts will hurt businesses and middle-class families.
The Utah senator’s remarks on Saturday morning ran counter to those of President Obama during his weekly address, in which the president urged support for a plan to extend the cuts only for households earning less than $250,000.
The plan passed the Democrat-controlled Senate this week but is unlikely to pass the House, whose GOP majority favors extending the cuts for all taxpayers. If Congress and the president do not approve a plan by Jan. 1, the cuts will expire entirely.
“The uncertainty caused by this tax crisis, or ‘taxmaggedon,’ is contributing to America’s lackluster economic recovery,” Mr. Hatch said. “That’s not a Republican talking point; that’s based on what job creators across the country are saying.
The House is expected to pass its plan this week, but it will likely die in the Senate. Democrats and Republicans have been reluctant to discuss compromise, and both parties have accused the other of endangering the middle class in an attempt to get its way.
Mr. Obama accused Republicans in his Saturday address of pushing a “trickle-down” economic policy that favors the wealthy, while Mr. Hatch accused Democrats of “vilifying job creators” to earn points with many voters.