Senate Tax Votes Sure to Fail
Votes are expected to begin at 10:30, and there is virtually no chance either Democrats’ proposal to extend tax cuts for those making up to $250,000 or an expanded $1 million cap proposal will pass
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Senate ‘Disappoints’ Obama
By a vote of 53 to 37, the Senate also defeated a proposal that set the income cap at $1 million. Both measures needed 60 votes to advance.
Senate Can’t Pass Tax Cuts, Back to Negotiations
Charles Schumer (D-N.Y.) that set the income cap at $1 million. That plan was also opposed by the Obama administration. Sixty votes were required to end debate on the issue.
Expiring Tax Cuts Dominate in Weekly Addresses
One is similar to the House bill, while the other would extend the cuts for income up to $1 million. The tax cuts are set to expire at the end of the year.
Senate Democrats Are Defiant After Tax Vote Losses
As expected, Democrats couldn’t come close to generating 60 votes for plans that would have advanced the tax cuts only for families with incomes up to $250,000 and then up to $1 million.
Fiscal Commission Fails to Advance Debt-Reduction Plan
House Republicans on the panel oppose the $1 trillion in tax hikes in the final report and the continuation of Obama’s health care overhaul, while House Democrats other than Spratt said the cuts
AP: Investigation of House Appropriations Veteran Closed
“The DOJ response confirms what I’ve known from Day 1 — that the facts and the truth of this matter will ultimately prevail,” Lewis said in statement.
Salaries for Top Watchdogs Exceed $100K
For many top jobs, the source said, “the No. 1 factor … is what you’re making now.”
Senate Planning Tax Votes
Charles Schumer (D-N.Y.) that would raise the cap to $1 million a year in income.
New Poll: Scott Brown ‘Looking Good’ for Now
Brown enjoys high favorables and leads by no less than 7 points in a series of hypothetical head-to-head matchups, according to a survey of 500 Massachusetts voters taken Nov. 29 to Dec. 1 by the
Senate Plans Saturday Tax Votes
ahead against likely filibusters on two Democratic proposals, one that would extend the soon-to-expire tax cuts for middle-class taxpayers and another that would extend the cuts for those making up to $1
Fiscal Commission Report Mirrors Initial Recommendations
ripped by lawmakers on both sides of the aisle — a Social Security retirement age that would reach 69 in 2075 instead of the 67 in current law, significant cuts in domestic and military spending, and $1
Bipartisanship in the Lame Duck? Well, a Little
Meantime, the tax cuts are set to expire Jan. 1 unless a new law is passed, raising everyone’s taxes with the economy, at best, staggering out of recession.
Norquist and Barton: Control Spending to Balance the Budget
The spending interests in Washington, D.C., convinced President Ronald Reagan in 1982 that they would cut $3 of spending for every $1 of tax increase that Reagan would permit.
Hoyer: Vote Thursday on Middle-Class Tax Cuts
“Nobody wants working Americans to get any kind of an increase on Jan. 1.”
Senate Democrats Want to Put GOP Blockade to Test
Schumer, who spent much of Wednesday afternoon on the floor, tried to win Alexander’s support for his proposal to extend tax cuts for those making less than $1 million.
Rogers: Grab a Shovel and Start Digging Out of Debt
By that point, the United States will be spending more than $1 billion per day just to cover interest payments, crowding out spending for vital programs such as defense and homeland security.
Shop Talk: Daschle, Glendening Form Grass-Roots Startup
He’s hoping to announce more details about the new firm, including a name, clients and partnerships, after Jan. 1. Brasell emphasized that the move is no sign of a break with Thune.
RNC Candidates Attending Panel to Be Ranked by ‘13 Leadership Criteria’
Here are the “13 Leadership Criteria for RNC Chairman Candidates,” as outlined by the conservative caucus hosting the panel: “A Candidate for the position of RNC Chair should have: 1.
HOH’s One-Minute Recess: Going Global
So who’s No. 1 on the list? Billionaires Bill Gates and Warren Buffett for their extensive philanthropy work.