On the cusp of the worst Midterm defeat in American History, Democrats abandoned plans to vote before Election Day on extending Bush-era tax cuts for the middle class while eliminating them for better-off Americans.

So, what happens now?  Do these idiots come back after the Midterms and try to ram through the largest tax increase evah during their lame duck session?

If they don’t pass legislation by Dec. 31, the expiration date of the cuts, tax rates would rise not only on income, but also on estates, capital gains and dividends. Important corporate tax credits and relief from the Alternative Minimum Tax also are up for renewal.

President Barack Hussein Obama (peace be unto him) and his Congressional sycophants have made their proposed middle-class tax breaks the focal point of their midterm campaign strategy.With the Democrats wimping out, Republicans can rightly charge that the oppostition party has failed to prevent taxes from rising for almost everyone.

Congressmen from both parties actually say that they want to extend the Bush Tax Cuts for at least a year or two.  Their problem is, Obama could still veto such a bill.

Democrat lawmakers put on a mask of sadness Thursday to hide their relief concerning the postponement.

Sen. Richard Durbin, the No. 2 Senate Democrat said:

The reality is, we are not going to pass what needs to be passed to change this, either in the Senate or in the House, before the election.

House Majority Leader Steny Hoyer (D., Md.) said Thursday the House wouldn’t schedule a vote on taxes if the Senate didn’t. 

So, there!   Na, na, na, na.   

Sen. Tom Harkin (D., Iowa) said that the first part of next week would be taken up with debate over a bill seeking to limit the outsourcing of jobs. Then the Senate would turn to a bill to fund the government until after elections.

At this point, neither the House nor the Senate is expected to stay in session past next week.

Republicans said Democrats hadn’t yet written a tax bill on which lawmakers could vote, because of disagreement among Democratic members.

GOP Sen. Chuck Grassley of Iowa said:

This delay is irresponsible and reckless. It’s no wonder the American people are fed up with the leadership of Congress. Every family in America faces a major tax increase next year because the Senate majority leader has failed to take action to prevent it.

Democratic leaders, led by House Speaker Nancy Pelosi of California and Mr. Reid, came up with the strategy of voting on the permanent extension as a way of casting Democrats as the party of the middle class, in contrast with Republicans’ support for relief for the Americans who actually create businesses and hire other Americans.

The plan quickly ran into opposition from “Moderate” Democrats in the House and Senate, scared that they will wind up out on the street after the Midterms.

If you believe the Democrats are truly concerned about anything at this point but saving their phony baloney jobs, I’ll give you a free subscription to Obama’s new on-line self-help course:  How to Become U.S. President and Leave No Documented History.

For instance, on February 23, 2010, Representative Chaka Fattah (D – PA) referred HR 4646 to the House Appropriations Committee.  Here’s a summary of this gem of an idea:

Debt Free America Act – States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. Defines “transaction” to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance. Provides for expedited consideration by Congress of Task Force recommendations. Repeals after 2017 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals. Directs the Secretary of the Treasury to: (1) prioritize the repayment of the national debt to protect the fiscal stability of the United States; and (2) study and report to Congress on the implementation of this Act.