Senate rejects Bush income tax extension

[sinkingfeeling]

Source: MSNBC.com

WASHINGTON - The Senate on Thursday gave a sweeping endorsement to some of President Bush's tax cuts but rejected renewing others as all three major presidential candidates interrupted their campaigns to cast key votes on the budget.

The chamber voted 52-47 to reject a move by Sen. Lindsay Graham, R-S.C., to extend Bush's tax cuts for middle- and higher-income taxpayers, investors and people inheriting businesses and big estates.

Arizona GOP Sen. John McCain, Republican presidential nominee-in-waiting, voted for the full roster of Bush tax cuts. Rivals Hillary Clinton, D-N.Y., and Barack Obama, D-Ill., both voted against them

On Capitol Hill, Democrats trumpeted their plan for putting the budget back in surplus while also making investments in infrastructure, education, community development, clean energy and other programs. It also avoids $196 billion worth of Bush-proposed cuts to Medicare and the Medicaid health care program for the poor and disabled.



Read more: http://www.msnbc.msn.com/id/23612342/

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The Democrats in the House plan on rejecting all of Bush's tax cuts.

[DemocratInSoCal]

1. Sweeping Endorsement?

Where was the sweeping endorsement, if all the Dems voted against it?

What exactly was approved?

[truthisfreedom]

4. Read the article... here's an excerpt

That vote came immediately after the Senate gave a sweeping 99-1 tally to an amendment by Sen. Max Baucus, D-Mont., endorsing cuts aimed at low-income workers, married couples and people with children.

[DemocratInSoCal]

7. Cuts Aimed At Low-Income Workers??

99-1? What cuts were those, and why did the repubs go along with them if they help low wage earners?

[denverbill]

11. The Republicans tied those cuts to the cuts for the rich.

So if Democrats wanted to vote for tax cuts for the poor and middle class, the only way they could get them is to vote for the tax cuts for the wealthy. If Republicans had actually allowed them to be voted on separately, the cuts for the rich would have never passed, especially the estate tax elimination.

[Zorra]

6. The primary job of the MSM is to spread propaganda that makes Bu*h look good.

This includes McCain and all republicans as well.

[bean fidhleir]

10. Too true. I'm always amazed and sickened that anyone can still think otherwise.

[pattmarty]

2. It's amazing how little the liberals are willing to accept..............

......... after 7 yrs of this shit. We all know what we need now and approx how much it will cost us and this ain't it by a fucking long shot.

[Frances]

3. I don't understand your post

[pattmarty]

8. What I mean is we don't need his tax policies.........

.........or for that matter Bill Clinton's either. We need the tax rates returned to the early 50's or late 40's rates for corporations and individuals, this way we can pay for the things that need to be done like for one single payer/universal healthcare which was originally proposed in 1948 by Truman. Christ, we have one of the lowest tax rates in the industrialized world.

[Frances]

14. thanks for the explanation

[Robbien]

16. That is not how the media/GOP says it

Over and over again on corporate media politicians and pundits as one keep stating "We have one of the highest tax rates in the industrialized world."

No one in the media contests that blatant lie.

[Owl]

13. I don't either...

:shrug:

[Donnachaidh]

9. "the liberals"? Sounds like someone got lost

and needs to be redirected to the board that shall not be named. :evilfrown:

[endarkenment]

12. Did you actually read what he or she wrote?

Or are you just shooting from the hip. The poster even clarified the post, that clarification indicates he or she was talking about returning the tax system to its far more progressive basis of the 50s and 60s.

[Mudoria]

15. Thanks but when I look at my check stub

on payday I don't feel like one of the least taxed people in the world.

[pattmarty]

17. Fucking compared to exactly WHO/WHAT?

[raebrek]

5. Sounds like they are already spending the money to be collected n/t