The House is blameless. They voted for the bill. What else could they do. The problem is in the Senate and the White House, the latter apparently negotiating the deal (extend all the rate cuts temporarily, extend unemployment benes, who knows what else) as we speak.
On Sun, Dec 5, 2010 at 11:56 PM, michael perelman < [email protected]> wrote: > Inadvertent Insights from the Wall Street Journal > > The Wall Street Journal reports: "The House approved legislation > Thursday that would extend current tax rates on income up to $250,000 > while allowing taxes on higher earnings to rise, a largely symbolic > vote that pointed to divisions among Democrats in the waning days of > their dominance on Capitol Hill. The bill passed 234-188, but 20 > Democrats opposed it -- mostly lawmakers who lost on Election Day and > who agree with Republicans that it is bad policy to let any tax rates > rise amid a fragile economy." > > Hook, Janet 2010. "Tax-Cut Vote Shows Democratic Divide: House Passes > Extension Excluding Higher Incomes, a Largely Symbolic Effort > Reflecting Unhappiness With White House." Wall Street Journal (3 > December): p. A 5 > > http://online.wsj.com/article/SB10001424052748703377504575650901731419966.html?mod=ITP_pageone_1 > > > Are we to believe that giving tax breaks to the super-rich will do > wonders for the economy, or that the people are clamoring to give aid > to those worthies. > > What about this Democratic divide? That only a few right-wing > Democrats remain in the House; that the remaining Democrats generally > oppose Obama and yet get elected. Their vote was largely symbolic > because most of them know that Obama will cave and they can get credit > for supporting the little guys who make less than a quarter million > dollars a year. Then they can go about cutting benefits for the real > little guys. > > > -- > Michael Perelman > Economics Department > California State University > Chico, CA > 95929 > > 530 898 5321 > fax 530 898 5901 > http://michaelperelman.wordpress.com > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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