Thursday, December 2, 2010

Newsmax... House votes to extend "middle-class" tax cuts

Copyrighted article from…
House Passes Bill to Extend Middle-Class Tax Cuts
Thursday, 02 Dec 2010 02:12 PM
By David A. Patten

Outgoing House Speaker Nancy Pelosi won a temporary victory in her last-ditch bid to kill the Bush tax cuts for wealthier Americans Thursday, as House Democrats passed a bill that would extend Bush-era tax breaks for middle-class Americans while cutting them off for wealthier Americans.
Pelosi’s triumph by a margin of 234 to 188 votes is likely to be short-lived, however.
In the Senate, all 42 Republicans have vowed to oppose the bill, meaning it is effectively dead on arrival in the Senate. The legislation would extend tax breaks for most Americans, while raising taxes on the income that wealthier families earn above $250,000 per household.
Critics blasted the vote as an exercise in political theatrics meant to appease the Democratic base, at the expense of providing clarity to small-business owners deciding whether to boost their payrolls in 2011.
“There’s a reason why Nancy Pelosi is the most unpopular politician in America,” pollster Frank Luntz said on Fox News immediately after the vote. “It’s because she doesn’t represent the will and the wishes of the American people. There’s a reason why the Democrats lost 63 seats, and yet it’s like the election never took place.”
Incoming GOP House Speaker John Boehner used a barnyard epithet, “chicken crap,” to describe the vote. He also said it undermines the president’s efforts to reach a compromise that will allow the tax breaks to continue for two years.

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