Led by Pelosi, the House Democrats did not back Obama’s tax compromise bill.
It is different in the Senate. Legislation aimed at avoiding sweeping tax increases looks headed for Senate approval after negotiators added sweeteners to promote ethanol and other alternative energies.
Senate Majority Leader Harry Reid set the vote for Monday at 3 p.m. (2000 GMT).
Obama said on Thursday he expected the agreement would eventually pass, for the simple reason that should the House balk, the Republican House in three short weeks, will pass anyway. And that bill, the one in January, will be stripped of all its sweeteners.
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December 10, 2010 at 7:30 am
politacallyincorrect
Will tax increases for the wealthy create jobs?
Will tax increases for the wealthy decrease the deficit?
Will tax cuts for the middle class stimulae the economy?
I doubt it. For more visit the tax page on my blog.