Much is being made of the cost of the Obama tax compromise. The left in particular is taking aim on extending the Bush tax rates for “millionaires and billionaires.” The lefty press is quick to point out what they perceive as hypocrisy on the part of Republicans. After all, extending the tax rates will “cost the government” $400 billion and $140 billion for the millionaires. Not so says Judd Gregg. It’s your, “It’s not your money” quote of the day. Read more
From CNN’s Sunday show with John King. It’s NH Senator Judd Gregg. Snow asks Gregg to respond to the AIG special bonus tax passed overwhelmingly by the Democrat Congress. A slippery slope. Read more
Update: From Instapundit:
He’s had a tough time with appointments, but at least Gregg paid his taxes.
And the hits just keep on rolling for an Obama Administration which at this point may never fill this Cabinet. New Hampshire Senator Judd Gregg withdrew his name as Commerce Secretary. He just couldn’t do it. In this video he says he withdrew because he couldn’t be 100% part of the team.
But Fox News reports it was a major disagreement over the Obama Stimulus Package and a slighter one on Census (which had been moved from Commerce to the White House). Fox also reports Gregg was miffed at the way Obama had whacked Republicans in Williamsburg and the Town Meetings.
You just knew this was coming. Gregg will be a bigger help in the Senate. Oh and here’s one for you … first comments from the Democrats comes from Hillary Rosen over at CNN … clearly Gregg does not like school children?