Yves Smith’s suggestion in an FDL post today that the Center on Budget and Policy Priorities was in some way “bribed” to support the tax-cut-UI compromise that Congress struck in December is outrageous and completely false. The Center on Budget and Policy Priorities has not taken a penny from the Peterson Foundation or anyone else with an interest in extending high-income tax cuts.
Had Smith bothered to check the record, she would have found that few policy organizations in DC have issued as many reports and analyses assailing the high-income tax cuts, from 2001 — when they were first considered — through the present day, as has the Center.
We consistently called for the expiration of the upper-income tax cuts at the end of 2010, and supported the December compromise because we were convinced its defeat by the last Congress in December would lead to a more unfavorable deal under the new Congress that took office in January. We think the track record of the new Congress to date bears out that judgment.