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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