Senate acts for the 2012 record
How will the headline and themeline read in the 2012 Presidential election?
· Senate Democrats blocked Bush-era tax break for the wealthiest Americans
· Senate Democrats sought tax relief for the middle class working Americans
· Republicans win tax breaks for wealthy Americans
· Republicans stiff middle class working Americans
· Republicans show no commitment to deficit reduction in Bush-era tax extension
“Senate blocks legislation to extend Bush-era tax cuts
Senate Republicans have blocked legislation allowing taxes to rise on upper income taxpayers on Jan 1. The vote Saturday was 53-36, seven short of the 60 needed to advance the measure. (Dec. 4)
By Shailagh Murray
Sunday, December 5, 2010; 12:45 AM
The Senate on Saturday rejected two Democratic proposals to let tax cuts for the wealthiest Americans expire, a symbolic but bitter defeat that now forces the Democratic majority to compromise with Republicans or risk allowing tax breaks to lapse for virtually everyone at year's end.
Efforts quickly shifted to negotiations that would temporarily extend the Bush-era tax cuts for all Americans, an outcome that seemed increasingly likely. The pair of nearly party-line votes - one to preserve the tax cuts for only the first $250,000 of family income, and the other for the first $1 million of income - also represented a final stand for Democrats as the session winds down and political posturing gives way to pragmatic dealmaking.”