03-13-2008, 04:16 PM
|
 |
Administrator
|
|
Join Date: Oct 2007
Location: Philadelphia
Gender: 
Posts: 15,588
Thanks: 372
Thanked 5,472 Times in 3,824 Posts
|
|
Senate Backs Some Tax Cuts, Nixes Others
Senate Backs Some Tax Cuts, Nixes Others
Quote:
The Senate on Thursday gave a sweeping endorsement to some of President Bush's tax cuts but rejected renewing others as all three major presidential candidates interrupted their campaigns to cast key votes on the budget.
The chamber voted 52-47 to reject a move by Sen. Lindsay Graham, R-S.C., to extend Bush's tax cuts for middle- and higher-income taxpayers, investors and people inheriting businesses and big estates.
That vote came immediately after the Senate gave a sweeping 99-1 tally to an amendment by Sen. Max Baucus, D-Mont., endorsing cuts aimed at low-income workers, married couples and people with children.
The votes are mostly symbolic, but they put senators in both parties on the record for when the tax cuts actually expire in three years.
Arizona GOP Sen. John McCain, Republican presidential nominee-in-waiting, voted for the full roster of Bush tax cuts. Rivals Hillary Clinton, D-N.Y., and Barack Obama, D-Ill., both voted against them.
The developments came as the Senate began a full day of votes on a $3 trillion Democratic budget blueprint for 2009. The nonbinding plan envisions a balanced budget in four years and promises generous increases for many domestic programs, but achieves those goals only by assuming major tax increases when Bush's tax cuts expire.
Obama and Clinton both promise to reverse Bush's tax cuts for wealthier taxpayers, but the Democratic budget they'll be voting for would allow income tax rates to go up on individuals making as little as $31,850 and couples earning $63,700 or more.
|
This is for all of those that think the Democrats want to swing into the White House and start taxing the "rich people" to help the "little people"...
Nope...You're ALL gonna get smacked...
Sadly they will balance the budget on the backs of everyone...They'll say "Look!!!...The deficit decreased SO MUCH under our leadership!" as America takes a look at their wallets and finds lint... 
__________________
"You get the respect that you give" - cnredd
|
Linear Mode
