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Pelosi passes tax cuts for "middle earners"
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12-03-2010, 12:55 AM
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AALee
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Pelosi passes tax cuts for "middle earners"
http://thehill.com/blogs/blog-briefi...h-era-tax-cuts
The bill extends only the cuts for the middle-class, letting tax breaks end for families earning more than $250,000 per year and individuals making more than $200,000. Congress originally authorized the cuts in 2001 and 2003.
Three Republicans, Walter Jones (N.C.),
Ron Paul
(Texas) and John Duncan (Tenn.), voted with Democrats to renew only the middle-class cuts.
Senate Republicans have enough votes to filibuster the proposal, making it highly unlikely it will pass through the upper chamber and onto President Obama's desk.
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Now I think this is great news.. Should everyone get a tax cut? Yes.. But it's still better than nothing.
Now McConnell is threatening to filibuster this in the Senate... I know why he's doing it, but imo.. That's not cool.
He's having a hissy fit and basically adopting the position that, if everyone can't have a tax cut.. then NO ONE will get a tax cut.
Which is typical, R-Tard bullshit.
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