RonPaulFanInGA
12-04-2010, 01:11 PM
h XXp://www.clubforgrowth.org/perm/?postID=14550
House Democrats brought up a bill yesterday to extend all of the Bush tax cuts for the middle-class while letting the higher-end tax cuts expire. In effect, it would be a huge tax hike on Jan. 1 for a lot of people, including small business owners. The bill passed 234-188, with 3 Republicans voting YES with the Democrats - Walter Jones (NC-03), Ron Paul (TX-14), and John Duncan (TN-02).
Fortunately, since the bill can't pass the Senate, Democrats will be forced to go back to the negotiation table with Republicans and ultimately relent on extending all of the tax cuts.
The second paragraph ended up being right, as the "middle class tax cuts" died in the Senate today:
http://www.foxnews.com/politics/2010/12/04/senate-dems-seeking-weaken-gop-force-doomed-vote-tax-cut-plans/
House Democrats brought up a bill yesterday to extend all of the Bush tax cuts for the middle-class while letting the higher-end tax cuts expire. In effect, it would be a huge tax hike on Jan. 1 for a lot of people, including small business owners. The bill passed 234-188, with 3 Republicans voting YES with the Democrats - Walter Jones (NC-03), Ron Paul (TX-14), and John Duncan (TN-02).
Fortunately, since the bill can't pass the Senate, Democrats will be forced to go back to the negotiation table with Republicans and ultimately relent on extending all of the tax cuts.
The second paragraph ended up being right, as the "middle class tax cuts" died in the Senate today:
http://www.foxnews.com/politics/2010/12/04/senate-dems-seeking-weaken-gop-force-doomed-vote-tax-cut-plans/