Posted on 12/13/2010 11:40:41 PM PST by onyx
_resident Obama's $858 billion tax package won a huge bipartisan majority in the Senate Monday evening, setting it up for a contentious debate in the House.
In a 83-15 vote, the Senate quashed a filibuster by Sen. Bernie Sanders (I-Va.).
Fifteen lawmakers voted against it, including five Republicans: Sens. Tom Coburn (Okla.), Jim DeMint (S.C.), Jeff Sessions (Ala.), John Ensign (Nev.) and George Voinovich (Ohio).
Nine Democrats and one independent voted against the bill: Sens. Jeff Bingaman (N.M.), Sherrod Brown (Ohio), Russ Feingold (Wis.), Kirsten Gillibrand (N.Y.), Kay Hagan (N.C.), Frank Lautenberg (N.J.), Pat Leahy (Vt.), Carl Levin (Mich.), Mark Udall (Colo.) and Sanders.
“It makes no sense to me to provide huge tax breaks for millionaires and billionaires while we drive up the national debt that our children and grandchildren will have to pay," Sanders said in a statement after the vote.
~snips~
A vote on final passage could happen as soon as Tuesday if opponents agree to waive the 30 hours that must elapse after a vote to end a filibuster.
Given Monday’s lopsided vote, the package is expected to win final passage easily, which one Democratic leadership aide predicted would “likely” happen on Wednesday.
Obama said he understands members of both parties are "unhappy" with the compromise, but he said the package is "first and foremost" a "substantial victory" for middle-class families.
(Excerpt) Read more at thehill.com ...
LOL. I know. He’s with Bernie Sanders and the *other* Marxist democrats.
Can’t understand this mass exodus of conservative values.
What is it going to take for us to overtake this betrayal,
Revolution ?
“I can’t give kudos to that simpleton.”
I wouldn’t give kudos either. But I hope that there are enough of them in the House to keep this thing from passing. Let it be the first order of business next year.
ROFL. Rob China or strike gold!
Both? lol
Never forget, incumbent fossils love the pork too, and they really don't know how to lead or fight. They're too used to rolling over and reaching across the aisle to their long time friends.
I’m IN!
Yippeee!
We’ll git ‘r done!
IMO, to get out of this financial mess, taxes should increase on higher wage earners.
But change the rules so they have to reinvest to get a discount.
Most important is the spending, ‘Corruption has run amuck’.
They immune! Look at the votes of the ones who just won reelection! Murky, McCain, Grassley (from ETANOL Iowa)... to name three.
Remember all that high-minded talk from Evan Bayh about how the democrat party had left him for all their spending etc?
Well, his name is not on the list of NO votes! He’s on board with this porkulus/spending bill.
Nope, they couldn’t wait for Marco Rubio, Ron Johnson of WI, or Rand Paul of KY. I know I’m overlooking a couple of others, but it’s late and my mind is shutting down.
“Inheritance Tax is Thievery”
Yeah, about ready to shut it down myself. Got to get some rest for whatever shafting they are preparing for us tomorrow ;^(
No, no, no.
Anything *progressive* by the government is always confiscation.
The problem is spending.
We are already taxed in excess.
The government has no right to "progressively tax" success and it certainly has no right to the accumulated wealth of the deceased.
Give it more thought. Too many people pay NO taxes at all. If we're going to pay taxes, then everyone ought to have to pay.
“Inheritance Tax is Thievery”
This alone should be enough for a NO vote
I hear ya! Red Eye is almost over, so Good Night!
See you tomorrow. I hope this vote doesn’t take place until Wednesday so I can make some calls tomorrow.
(More efforts in futility).
Robbing the dead and lots of families have to sell family businesses and farms to pay the inheritance tax. Outrageous and completely wrong!
The higher earners use more of the system and its resources to gain income.
But John Doe eats his oatmeal and walks to work but pays a higher percentage in taxes compared to higher earners with all their exemptions.
This is not fair.
“But change the rules so they have to reinvest to get a discount.”
One idea I had was to allow people to NOT pay taxes on up to $10,000 of Dividends (for stock held one year or more) and Interest on page 1 of the IRS 1040 Form. This would be especially helpful for people trying to develop a retirement income. It would also encourage long range investment in business. As a compromise the tax on incomes above $1 million would be allowed to revert to the 3.5% higher taxation level.
You want a simplified tax package?
Here’s one, and it’s more realistic than anything seen in congress:
“Everything you have or will ever earn belongs to us, your Government Masters. Buying votes is expensive, so fork it over and shut the F*** up!”
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