Tax Cut Bill Passes Senate’s 60 Vote Hurdle
December 13, 2010
(ChattahBox Political News)—When it comes to tax cuts, the Republicans answer to just about everything, especially for the rich, senate Republicans manage to take a break from their constant filibustering, it seems. This afternoon, in a procedural cloture vote, more than 60 senators voted to advance the tax cut deal forged between President Obama and Mitch McConnell (R-KY), paving the way for an up-or-down vote on the measure on Tuesday. The bill would extend the Bush tax cuts across the board, as well as extend unemployment insurance and put in place a package of stimulative middle class tax credits. But the changes made in the estate tax that House Democrats derided as a giveaway for the rich, may still prove problematic once the bill leaves the Senate.
“The president has said that the compromise, though not perfect, is the best option to ensure tax cuts are extended for middle-income Americans.”
“House Democrats plan to push for significant changes to the estate-tax provision.”
“There’s much consternation in the House about the estate tax,” Hoyer said. “I expect there to be some consideration of that.” House members will return to Washington tomorrow night.
This week, Obama plans to give a series of Television interviews to sell the tax cuts to the American people.
Photo Source: White House Flickr