Skip to comments.Democrat Senate Passes Tax Bill To Stick It To Job Creators
Posted on 07/26/2012 7:11:50 AM PDT by Qbert
Interestingly, if they really cared about the middle class, theyd call for a reduction in taxes on those making less than $200k individual/$250 joint
(Washington Post) The Senate on Wednesday narrowly approved a plan to preserve tax cuts for the middle class while letting them expire for the wealthy, a powerful if largely symbolic victory for Democrats who have been pushing to raise taxes on the rich for more than a decade.
The measure is dead on arrival in the Republican-controlled House, where leaders are preparing to vote next week on their own plan to extend the George W. Bush-era tax cuts for households at every income level through 2013.
The vote was symbolic, because all tax measures must originate in the House. But, the vote shows that Democrats are willing to raise taxes on small business owners in the middle of terrible economic conditions, an increase that is comparable to spit in a large bucket of federal spending.
Vice President Biden presided over the late-afternoon vote, though with only 99 senators present, there was never much chance that he would be called upon to break a tie. His appearance highlighted the importance of the issue for President Obama, who has made tax fairness a centerpiece of his reelection campaign against GOP challenger Mitt Romney.
If Team Obama really wanted tax fairness, theyd ask that the tax laws be changed so that 50% of US taxpayers would no longer be paying effectively a 0% tax rate.
This is all the typical class warfare from the Democrat Party, even as Obama attends numerous $30K+ fundraisers. Perhaps he should ask those rich folks to pay their fair share directly to the federal treasury rather than the Obama re-election fund.
has the legislative rule that all money bills must orginate in the house been replaced??
It will be blue slipped. DOA