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.
Colorado • Politics • Congress 112th • Taxes •
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