House Democrats Vote to Increase Taxes

"Congressional Democrats rammed a bill through the House of Representatives Thursday indefinitely extending the Bush-era tax cuts only for families making $250,000 a year or less. It would maintain the current Alternative Minimum Tax limit for two years. The measure, which passed on a sharply polarized 234-188 vote, would allow the Bush tax cuts to expire after December 31 for the wealthiest Americans. Most Democrats backed the bill, while most Republicans opposed it. GOP leaders are insisting on an extension of the tax cuts for all Americans. All 42 Senate Republicans publicly vowed Monday to prevent a final vote on any other legislative business in the lame duck session until Congress has "prevented the tax increase that is currently awaiting all American taxpayers.""

The U.S. Senate will likely filibuster this cynical attempt to raise taxes on small business and demagogue the issue of tax rates for the wealth.

But, the LEFT will have a field day painting the GOP as the party of the rich.

One Comment

Name: Mark

December 2, 2010 at 10:34 pm

It’s pretty close to the be all and end all. Partly because there’s alot less to his Presidency than there was a year ago.
But mainly, the issue is critical because economic/fiscal fairness is a, perhaps the, core Democratic value. The party is firmly opposed to the concentration of wealth, because of the relative poverty and peonization that concentration means for everyone else. Also, as the party of government for the people, the Dems are the party of fiscal prudence. Don’t believe the pundits, look at history – we are the party of prudence, since we want a governemnt in a position to act.

Name: Mark

December 2, 2010 at 10:34 pm

It’s pretty close to the be all and end all. Partly because there’s alot less to his Presidency than there was a year ago.
But mainly, the issue is critical because economic/fiscal fairness is a, perhaps the, core Democratic value. The party is firmly opposed to the concentration of wealth, because of the relative poverty and peonization that concentration means for everyone else. Also, as the party of government for the people, the Dems are the party of fiscal prudence. Don’t believe the pundits, look at history – we are the party of prudence, since we want a governemnt in a position to act.