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Thursday, September 23, 2010

Debate on Tax Cuts May Be Delayed

What are Democrats thinking? Will they really decide to run away rather than standing their ground and daring Republicans to vote no?:

Debate on Tax Cuts May Be Delayed, by David Herszenhorn, NY Times: Floor debate over the highly contentious issue of what to do about the expiring Bush-era tax cuts may be delayed until after the November elections, senior Democratic aides said on Wednesday.

Senate Democrats will meet over lunch on Thursday to discuss the issue, but appeared close to a decision to postpone a debate that was shaping up to be a fierce clash with Republicans. ...

Democrats nominally control 59 seats in the Senate, but would need 60 votes to overcome a likely filibuster... And no Republican has come forward willing to support legislation that does not extend the lower rates at all income levels.

Still, some Democrats have lobbied in favor of forcing a vote that they say would show that Republicans are obstructing tax relief for 97 percent of Americans while fighting to maintain the lower rates for millionaires.

    Posted by on Thursday, September 23, 2010 at 12:31 AM in Economics, Politics, Taxes | Permalink  Comments (22)


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