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Senate just votes down extending Bush tax cuts

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posted on Dec, 4 2010 @ 09:57 AM
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Watching CSPAN-2. Senate just voted down extending the Bush tax cuts 53(yes)-36(no). This was the voted for extending tax cuts for $250,000 and below. The political posturing continues at the expense of the American citizens.




posted on Dec, 4 2010 @ 10:18 AM
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reply to post by fltcui
 


Isn't the Senate's majority still Democrats?



posted on Dec, 4 2010 @ 10:24 AM
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They are creating a captive audience!
Get us all on unemployment, with little hope for work, with the hopes we will vote for them out of desperation.



posted on Dec, 4 2010 @ 10:36 AM
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reply to post by Kaiju
 


You are correct. Yet look at there own actions. From the L.A. Times:
41 Obama White House aides owe the IRS $831,000 in back taxes -- and they're not alone latimesblogs.latimes.com...



posted on Dec, 4 2010 @ 10:39 AM
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reply to post by nocents
 


Good find nocents



posted on Dec, 4 2010 @ 10:40 AM
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This was shot down by Republicans.

Senate shoots down limited tax-cut extension in Saturday session

Democrats wrote the bill pushing to get the tax cuts extended for those under $250,000 per family. A later bill would seek to extend tax cuts to the wealthier.


Members voted 53-36 for an amendment by Finance Committee Chairman Max Baucus (D-Mont.) that would have extended the cuts for individuals with incomes of up to $200,000 and families with incomes of up to $250,000.


This shows you were Republican allegiance lies. Clearly not with the Tea Party voters.



posted on Dec, 4 2010 @ 10:42 AM
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dailycaller.com...

Here is another source that just hit the wires,,,


Now back to square one on this do it ALL over again... Maybe this is good because the lame duck senate probally will not have time to get to COICA which is also a good thing.



posted on Dec, 4 2010 @ 10:43 AM
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Originally posted by Blackmarketeer
This was shot down by Republicans.

This shows you were Republican allegiance lies. Clearly not with the Tea Party voters.


The Senate is still a Democrat majority.
edit on 4/12/2010 by Iamonlyhuman because: (no reason given)



posted on Dec, 4 2010 @ 10:44 AM
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Anybody know yet who voted against this specifically? It does seem that some of the dems had to vote against this as well so who are they? I need to make some harrassing phone calls.


Socialism for the rich,capitalism for the poor.



posted on Dec, 4 2010 @ 10:48 AM
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reply to post by Blackmarketeer
 



Why???? They voted it down because they want the tax cut across the board.which is a later vote today.

In some areas say in parts of California, NY, etc..$250,000 a year isn't necessarily or exaclty "rich". To most of us in flyover country yes, but these are areas where the average 3 or 4 bedroom home can still be close to or over a million dollars a year.

Oh and by the way, if you make say, under $45,000 or so, how much are you using to invest, or hire people for your small business?

Going back to JFK everytime taxes are reduced government tax revenue goes UP.

I am not big on progressive taxation, or "taxing the rich" just because people by into a lot of class warefare BS. I could understand, maybe, a slightly higher rate starting at say at 1,000,000 a year....but $250,000, especially if that's your combined rate of a couple is too low.

Check into the "FAIR TAX" idea.........



posted on Dec, 4 2010 @ 10:55 AM
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The Senate is still a Democrat majority.


They lacked the 60 votes needed to win this, it was the Republicans that voted NO on extending a tax cut.

The later vote mentioned above only extends tax cuts for the wealthier. Not for the lower income earners.



posted on Dec, 4 2010 @ 11:05 AM
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Lets go back to 2002, when the dollar went a lot further, a gallon of gas cost $1.40. Obama made $259,394 and paid $68,958 in taxes yet he gave $1,050 or 0.4% in charitable deductions. $20 a week. $20 f'n Dollars a week.

It would appear that he did not feel strongly enough about Acorn, NAACP or what ever to personally donate much if at all, but we are expected, no forced, to fund all kinds of groups. Heck, twenty dollars a week is barley enough to keep a radical separatist church afloat.



posted on Dec, 4 2010 @ 11:09 AM
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What does Acorn, NAACP, or 2002 have to do with Senate Republicans voting down an extension of the tax cuts?

At best your using an ad-hominem attack on Obama.



posted on Dec, 4 2010 @ 11:16 AM
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reply to post by Blackmarketeer
 

Just showing how some in that very tax bracket, the so called "rich" have so little extra to spend.



posted on Dec, 4 2010 @ 11:19 AM
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reply to post by Blackmarketeer
 


I am traveling for business so I haven't follow the debate closely...but the later vote today I beleive is the across the board cut for all income groups.



posted on Dec, 6 2010 @ 10:17 AM
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reply to post by nickoli
 
Good post. Socialism for the rich, capitalism for the poor.



I also like this one.

Socialize the costs, privatize the profits, it's the republican/conservative way.



posted on Dec, 7 2010 @ 04:14 AM
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Originally posted by saturnsrings
Socialize the costs, privatize the profits, it's the republican/conservative way.


Oh bullcrap! For 8 freaking years all we heard about from the democrats was how Bush's tax cuts were only for the rich and that he (Bush) was lying when he claimed the middle class benefitted from the same cuts... now suddenly they have done a 180 and without even flinching the argument has gone from "there were no tax breaks for the middle class" to "Oh woe & tears what of the poor middle class who's tax breaks are about to expire?"

If either side, Democrat or Republican, gives two squirts about abything other than shuffling costs off to someone else while grabbing profits (and votes) for themselves, I'll eat my hat.



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