Thursday, July 26, 2012

Ready to Pass Blame on Taxes

Senate Democrats plan to try to pin any failure to extend tax relief for families making less than $250,000 a year on House Republicans, after the Senate passed such a bill Wednesday.
But as they did with a popular domestic violence prevention measure, GOP lawmakers are dismissing the Democratic bill because it runs afoul of the Constitution, even though Senate Majority Leader Harry Reid (D-Nev.) tried to fix the problem.
The Senate passed Reid’s bill, 51-48, after reaching a deal to allow simple majority votes for both Republican and Democratic plans to extend the 2001 and 2003 tax cuts enacted under President George W. Bush.
The GOP plan would extend all of the expiring tax rates for one year and provide relief from some other tax provisions, as well as establish an expedited process for a tax code overhaul next year.
Retiring Sens. Jim Webb (D-Va.) and Joe Lieberman (I-Conn.) voted against both plans.
Lieberman wants to take broader action on the federal debt now.

Read more: http://www.rollcall.com/issues/58_12/Ready-to-Pass-Blame-on-Taxes-216462-1.html?pos=hftxt

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