Congress is playing chicken with a fragile U.S. recovery

This lame-duck Congress will go down in history as the worst in recent memory.

Most economists, regardless of political viewpoint, agree that now is not the time
to delay the extension of the Bush tax cuts. Instead of initiating a bill that would
extend the tax cuts over the next two or three years, Congress is engaged in political
posturing.

It is almost too late for this Congress to pass a bill that will not dampen America’s
tepid economic recovery in 2011. As it currently stands, the IRS will begin withholding
higher taxes on all Americans beginning Jan. 1. That train has all but left the
station.

Congress must act quickly to prevent a tax increase that will send the economy reeling
in a tailspin. Democrats won’t offer tax policy alternatives; instead, they’ll offer
amendments meant to embarrass the GOP and prop up a flailing president.

Armstrong Williams is on Sirius/XM Power 169, 7-8 p.m. and 4-5 a.m., Monday through Friday. Become a fan on Facebook at www.facebook.com/arightside, and follow him on Twitter at www.twitter.com/arightside.