Grassley Spins The Post Crazy
April 24, 2007
“The Senate package was barely adequate,” [Grassley] said in a statement. “I called it peanuts. The House package was puny. I called it a peanut shell. Now we have a single shriveled peanut. This package is stripped of a lot of meaningful tax relief.”
Yet Grassley managed to spin The Washington Post into reporting that he's mainly upset that Democrats wouldn't close more business friendly tax loopholes:
...Democrats have stripped out a variety of contentious tax measures that had been tied to the minimum-wage legislation, under pressure from some of the nation's largest business lobbies.
That's some major chutzpah from Grassley, attacking others for "caving in to K Street," days after he led the filibuster killing legislation for lower prescription drug prices on behalf of the pharmaceutical industry.
And that's some awful reporting by the Post, not even mentioning Grassley's agenda of piling on more business tax breaks.
Also left out of the reporting is that the main reason those revenue raising provisions from the Senate were dropped in conference, is that the compromise amounts to a smaller tax package than the Senate passed, so the bigger offsets weren't needed to keep the deal from increasing the budget deficit.
Should these loopholes be closed on their own merits, particularly the one for executives earning over $1 million? Of course. And the Post does report that Sen. Max Baucus, D-Mont., plans to revisit it. The minimum wage is by no means the only way to address loopholes. But for Grassley to pretend that he's some crusader against the special interests on K Street, and for the Post to help with that fiction, is a sad joke.