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Tax Cut Vote On Agenda For Next Week

Tax Cut Vote On Agenda For Next Week

The House will be heading back to Congress next week after another recess, and Minority Leader Nancy Pelosi is hoping to start things off with a bang by bringing up a vote on tax cuts.

According to Roll Call, Pelosi’s immediate agenda is a push to vote to extend the tax cuts for middle class Americans — and, at the same time, vote to rescind the ones still in effect for the wealthiest in the nation.† ď’By ensuring that the middle-income tax cuts do not expire, we will put money into the pockets of American consumers, saving the typical middle-income family thousands of dollars per year,’ the California Democrat wrote in a letter released today….Pelosiís proposal would allow tax rates to increase for individuals earning more than $1 million per year and use the revenues from those rate increases to reduce the federal deficit.”

Unsurprisingly, the Republicans have already panned the move, calling it a “tax hike on every American taxpayer.”

But the House isn’t the only one doing symbolic votes that will never become law.† The Senate has voted on bills that will keep the interest rate on student loans from doubling on July 1st.† But Republican and Democratic versions of the bill will be introduced — one paying for the rate with cuts to preventative care coverage in the Affordable Care Act, one with a tax loop hole being closed for corporate taxes.

Neither bill once more, neither bill will become law due to the 60 vote super majority now required to pass a vote in the Senate.† The GOP version failed 34-62, the Democratic version only got a simple majority of 51-43.

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1:26PM PDT on May 26, 2012

Well you can believe that if you want David. Banks caused this shit…..not poor people.

People want to work David, there simply are few jobs available. Should we let them starve while they are waiting for the rich to supply some jobs in THIS country instead of China??

1:21PM PDT on May 26, 2012

Continued: The free market is freedom innovation and incentives to work for rewards. Socialism is serfdom where the people are dependant on the government and expects someone else provide the lifestyle they desire. Our entitlement society must soon collapse. The average net worth of people 65 and older is 170,000. The average net worth for people 35 and younger is 4,000. The point here is the upcoming generations are expecting a lot of entitlements and that is a big problem.

1:21PM PDT on May 26, 2012

Robert, Our problem her is just like Europe’s The liberals have run out of other peoples money, We started the dominoes falling when Barney Frank and Chris Dodd forced the banks to sell mortgages to folks that could not afford homes (Community Reinvestment Act (CRA, Pub.L. 95-128, title VIII), The Mortgage brokers are told make these loans and you will get a commission, doesn’t matter if they pay anything down. The loans are backed by the full faith and power of the US government. Sell, sell, sell what a deal for the banks. Not a problem till the entire housing market dominos. Since we allowed our government runaway authority we now pay, pay, pay Now the hero government comes along blames and nationalizes the banks and tells everyone to thank the government and send more money. http://www.propublica.org/article/from-dodd-frank-to-dud , Dodd-Frank Wall Street Reform and Consumer Protection Act Pub.L. 111- 203, H.R. 4173.

12:18PM PDT on May 26, 2012

THe right has NO Monopoly on personal responsibility. It has no monopoly on freedom.

But when the filthy rich take away OUR freedom and constantly fix the game against everyone else we can't let everyone else die just so you can claim superiority of capitalism. The same system that allows some fabulous wealth also dooms others to serve this wealthy.

Neither pure capitalism nor pure socialism is the answer. Both in their pure form are doomed to failure. Without a strong middle class this country is just going to continue sliding down the hill.
Sure some ruthless people will get rich on the way down. But most will simply suffer.
Liberals are here to stay David, DEal with it.

12:10PM PDT on May 26, 2012

You have a very simplistic view of the world David. And you have an absolute obsession with socialism.

Europe is in trouble for the same reason we are David. The banks played with derivatives. It has destroyed their economy just like it destroyed ours. It has nothing to do with socialism.

I feel sorry for people like you that are afraid of damned near everything that doesn't fit your narrow vision of life.

5:56AM PDT on May 26, 2012

continued: There cannot be freedom without capitalism, there cannot be capitalism without freedom.

5:54AM PDT on May 26, 2012

Robert and Mick, Our differences are our belief in personal reasonability and freedom that drives wealth and the economy vs. relying on collective shared socialism to raise our standard of living. I’m one that believes the federal government is an EIVL necessity, it is primarily needed to defend our borders, plan infrastructure and enforce the Constitution. The authors of the constitution studied world history and wrote an amazing, enduring document that was intended to prevent the repetitive rise and fall of all countries in the past. The common denominator was a government the incrementally became so powerful that it became tyrannical. They had good reason not trust the Government, world history since has proven them correct. You shouldn’t need a History lesson unless you went to a government school. Socialism has marched across the planet and outright killed millions, disrupted most of the world population, stopped progress, caused abject poverty. Germany’s National Socialist party. NAZI, Stalin, Pol Pot, Mao Tse Tung, Korea all socialist. The people were enslaved to the ruling class. The only difference between Socialism and Communism is Incrementalism. We are now witnessing the collapse of the EU, which relied on everyone “pitching in socialism”. Socialism cannot work it’s a natural human condition called Tragedy of the commons, Google it. Capitolisim is what gave this country it’s exceptional standard of living. There ca

2:04AM PDT on May 26, 2012

That should read, 'the' only platform.... Sorry for the typo.

2:00AM PDT on May 26, 2012

David F. - You look like you have a few years on you, like me. However, you apparently have not been paying attention to what has been going on in this country. Any intelligent person is smart enough to know that you can't "cut" your way out of a recession. Unfortunately, that has been to only platform the Republicans can seem to muster, cut, slash and burn. Oh, I forgot, they have agreed to try to put women back in the 1930's and they hate gay people. I almost forgot that they want to take money from the middle income earners and give it to the rich. If that's your thing, then enjoy your fifteen minutes of fame, because it will turn around.

12:12AM PDT on May 26, 2012

WE get it David!!!! Liberals all suck and have never accomplished anything worthwhile even though the country is basically split in half.

ALL the improvements and good things we ALL down by republicans, We liberals should just go home and let you guys do what you want to do. Liberals and Democrats need to just go away.

Grow up David. Liberals have been here since the country started. Cut the Crap.

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