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Old 12-04-2010, 12:40 PM
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Riot Riot is offline
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Join Date: Mar 2007
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Thank you GOP. You have proven beyond a doubt it's more important to you give unfunded tax cuts to those earning over $1 million dollars a year, than help the unemployed and the middle class.

Quote:
Senate Republicans Defeat Reauthorization Of Jobless Aid, Tax Cuts

Senate Republicans and a handful of Democrats Saturday defeated a bill to reauthorize unemployment benefits for the long-term jobless and a plethora of tax provisions for the middle class not because of the bill's trillion-dollar deficit impact, but because it did not include tax cuts for the rich.

"In economic times like these, 9.8 percent unemployment, you should not raise taxes on anyone," Sen. John Barrasso (R-Wyo.) told HuffPost"

Two bills were defeated.

By a vote of 53-36, the Senate rejected a measure by Sen. Max Baucus (D-Mont.) that would have preserved Bush era tax cuts for lower- and middle-income taxpayers, but would have allowed cuts for people earning more than $200,000 a year to expire.

Four Democrats and Joe Lieberman (I-Conn.) joined Republicans in voting nay.

The Senate also rejected a bill by Sen. Chuck Schumer (D-N.Y.) that would have extended all the cuts, but not for anybody making more than $1 million.

Republicans and conservative Democrats have opposed reauthorizing the benefits without offsetting their deficit impact by cutting spending from elsewhere in the budget. But those same lawmakers have not insisted that tax cuts for the rich, estimated to cost nearly $700 billion over 10 years, be offset in any way. A yearlong reauthorization of unemployment benefits would cost roughly $60 billion.

During debate on the Senate floor before the vote, Schumer asked Sen. Chuck Grassley (R-Iowa) about Republicans' different positions on deficit reduction.

"Could he please explain to me why it is OK to take $300 billion of tax cuts for those at the highest income levels, above a million, and not pay for it," Schumer said, "and yet we have to pay for unemployment insurance extensions?"
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Last edited by Riot : 12-04-2010 at 01:28 PM.
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