Quote:
Originally Posted by Riot
Today the House passed a bill giving tax cut continuation only to 98% of Americans (not to the wealthy for their income above $250K)
The rumor [edit: not a rumor, it's true] is that the Senate has now abandoned the idea of having 4 straw poll type of votes tomorrow.
Harry Reid is apparently listening to the massive pressure from the left on this tax cut issue (ad from MoveOn.org, innundation of White House and Senate with e-mails, telephone calls from constituents, etc) and [correction Saturday] the Senate will hold TWO REAL VOTES, one on tax cuts to the middle class, then another on tax cuts to the wealthy.
Edit: The first vote will be to extend tax cuts for the middle class (up to $250K) The second vote will be to raise that ceiling from $250K to 1 million dollars. The second is an overt compromise to the GOP. The Dems will vote against the second.
Reid will dare the GOP to not vote for the middle class tax cut. If the GOP does not vote yes, nothing will get passed - and all the tax cuts expire at the end of the year. And the GOP can take it up again in the new Congress on their own.
So Harry Reid has taken a stand, and it's up to the GOP now.
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Yes the Democrats as usual have put their agenda ahead of the American people. Too bad they didnt see fit to temporarily extend all of the cuts so we could avoid all the issues that will be created and let the newly elected Congress tackle the issue.
Of course the GOP will reject this foolish plan and then simply bring back the legislation right after the 1st of the year and force the Democrats to kill it.