The Senate approved a controversial $858 billion tax cut package Wednesday, overwhelmingly voting to extend the Bush-era tax reductions despite a series of objections from both the left and the right.
The measure, which passed 81 to 19, now advances to the House of Representatives.
Among other things, the package includes a two-year extension of the Bush-era tax cuts set to expire December 31. It also would extend unemployment benefits for 13 months, cut the payroll tax by 2 percentage points for a year, restore the estate tax at a lower level, and continue a series of other tax breaks.
The estate tax - currently scheduled to exempt inheritances up to $1 million and tax amounts above that at a rate of 55% - would be reduced under the tax package to a rate of 35% on amounts above a $5 million individual exemption.
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look, now they all want to pass it, now that its loaded with earmarks, glad to see change i can believe in! Thanks sooo much, what would i do without my congress working so hard for little ole me, golly gee guys, how can i ever repay you? No, really, how?
Getting involved in your state Democratic Party is the first step.... >:(
i know, i'll invite you to the next florida school board meeting, get you a seat right up front.
this tax bill is like charlie browns christmas tree! Heavy!
Worthless losers.
Really? Is this some sort of joke, only 19 senators had the courage to stand up to this atrocious waste! God, I can only hope for a miracle in the house.
the crazy thing is theese pieces of sh.t think wre dumb enough to believe its all about the taxpayers! This is incredible, how can we stop them when we have no say?
change all right, i think i liked it better when you fuked me with my eyes closed.
This what you get when you vote in the Rep. Their goals is to support the rich people not the middle class or poor.
Just wait in see what we will get when they take over the House next year.
I get it that something has to be done to protect the middle class and I also get that the Dems will have to hold their noses and vote yes. What I don't get is if they are givig the Wealthy, Stinking Rich Upper 2% a 2 year reprieve, why not give the unemployed 2 years instead of 13 months, AND what about the 99ers? Does anyone care about the American people who have lost everything through no fault of their own? This tax break will do nothing for job creation or the economy, unfortunately it is going to be 2 more years before you can do anything about it. Americans, stand up for your country and support your President, he's the only hope you have. With any luck he has a master plan we don't know about yet. God bless America,
what part of taxing the rich will only mean that it's us poor middle class suckers that will pay it for them do you people not get? if the rich get taxed more...the mr walmarts and mrs fords will only offset it by not hiring us,raising their prices, stop giving to charities,etc...they will not just eat the higher tax...THEY WILL PASS IT ON TO US...THE CONSUMER!!!...ok do you get it now??/.....stop being a sucker and actually think about the whole picture...and please people...who gives a dam if your a dem or a rep??/.....corrupt all....stop falling for the double speak bull-- that they jam down our throats daily!!!
Why do we call this a Tax Cut....Taxes are what they are...if you raise them, it is an increase,....if you lower them it is a cut....automatic increase, is still raising taxes, not giving a tax cut by not raising. Speak clear English to the People and stop with the BS. This country is spending too much money and when I make $60,000, with about 45% of it going to Federal/State/County and Sales Tax...I say enough. Regardless of which party is running the show, STOP SPENDING and make people responsible for themselves!!
Well said, Valerie!
why should the rich have to pay more % on their money they work for what they have just like we do why dont anyone ever holler about the ones on welfare that dont pay taxes or work for what they get i dont mean the ones laid off
why should the rich have to pay more of a % on what they have why dont anyone ever holler about the ones on welfare they get money and medical and dont even have to work for it and they are the ones that holler
Noooooooooo. I want the darn thing to fail. Why should the rich get more money and we have to add $900 billion of dollars to the deficit? And why are the tea drinkers so quiet all of the sudden?
"why should the rich have to pay more of a % on what they have" Because they benefit from our country's infrastructure exponentially. Capitalism will, by it's nature, contain haves and have-nots. Those who benefit from capitalism most must pay to support it. If your benefits of that system are exponentially greater than average, you must be taxed exponentially. Cry about the supporting the poor if you want, but if you can't understand that capitalism creates poverty as well as wealth you are ignorant.