Tax Cuts Gets Filibustered
Republicans have used a filibuster to deny Democrats the chance to cut taxes for those making less than $250,000 a year. A 53 to 36 vote in favor of the cut failed to overcome the stead Republican opposition to any selective tax breaks that didn’t include the mega-rich.. —JCL The LA Times: In a rare Saturday session, Senate Democrats and Republicans remained at loggerheads over whether to extend the George W. Bush-era tax cuts to all taxpayers, ratcheting up the pressure on lawmakers to try to reach agreement before the tax cuts expire at the end of the year. With Republicans unified in opposition, Democrats, as expected, fell short of the votes needed to overcome a filibuster and extend the tax cuts for all but the very wealthy. An extension of the tax cuts to families earning less than $250,000 a year was defeated, 53-36, short of the 60 needed to limit debate. An extension of the 2001 and 2003 tax cuts to those earning less than $1 million annually was rejected, 53-37. Read more Related Entries December 3, 2010 Ailing Spanish Economy Seeks a Cure December 2, 2010 Those Dreadful Geico Commercials Are About to Get Quieter
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Tax Cuts Gets Filibustered
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on December 4, 2010. Filed under