Mark Udall, Michael Bennet vote for Obama tax hikes; Republicans and 5 Dems kill the bill
Mark Udall and Michael Bennet voted for higher income taxes for those who make over $250,000, putting their belief in wealth redistribution out there for all to see. The two Colorado Democrats joined 51 other Senate Dems in voting for a prolonged recession when they voted on a bill that would extend tax cuts only for those who earn less than $250,000 a year. 60 votes were needed to pass the bill. Now the Dems and President Obama are settling down to wring as many concessions out of Republicans as they can before they vote to extend the tax cuts for everyone as demanded by voters on Nov. 2. Top priority for the Dems is extending unemployment benefits for the long-term unemployed. Distasteful as that will be for conservatives, they'll cave on the unemployment benefits to prevent the Obama tax hikes. That's politics, and if extending unemployment benefits will preserve the Bush tax cuts, so be it.
I agree with this compromise. At the same time it shows that these two losers are not reformed fiscal conservatives. They are typical Colorado types. Josh McDaniels could make it a foursome with Obama thrown in the mix.
Moving along, I hope the cut focuses on the duration of same, as the predictability is what is crucial for the cuts to have an effect on growth, not that I can even recall what economic growth seems like any more.Posted by Laura Victoria on 12/06/2010 at 07:54 AM
Do you acknowledge that it’s the best time to get the business loans, which would help you.Posted by MeyersVALERIE21 on 12/09/2010 at 07:37 AM