View Single Post
#1
12-04-2010, 05:18 PM
Senior Member
Joined in Sep 2007
2,656 posts
dado123
http://ozarksfirst.com/fulltext?nxd_id=365956
Obama "Disappointed" By Senate Tax Votes
0/5 rating
Print Article
Saturday, December 04 2010
(Washington, DC) -- President Obama vows to keep pushing for a permanent extension of the Bush-era tax cuts for the middle class.

In a press conference, the President said he was "disappointed" that two votes on the extensions failed in the U.S. Senate Saturday.

A vote to extend tax cuts for families making up to $250,000 a year failed in the Senate 53-36. Sixty votes were need to break a Republican filibuster on the issue.

A vote to extend the cuts for wealthy Americans making up to a million dollars also failed 53-37.

Obama slammed Republicans for trying to "hold tax cuts for the middle class hostage", in an effort to get tax breaks for the wealthiest Americans.

He also said he will push Democratic and Republican leaders alike to solve the problem in the next few days.

The Bush-era tax cuts are set to expire at the end of the year.

Republicans want to extend all the tax cuts, while Democrats want to extend the cuts only for the middle class.

(Copyright 2010 by VERTEXNews/Newsroom Solutions)

«back
^^^ Hopefully they hammer out this tax-issue early in the week and then move to D.A. ,lets keep at it Dreamers, I just called and Senator Hatch's D.C. inbox is not full, let fill it up with good messages.
Post your reply or quote more messages.