September 21st, 2010
03:54 PM ET
4 years ago

Senate Democrats want middle-class tax cut vote

Washington (CNNMoney.com) - Senate Democrats are aiming to force a vote extending tax breaks for the middle class - and not for those in the top income bracket - before they adjourn for the midterm elections.

But it's not clear the vote will happen; and it depends on Democrats working out a procedural deal with Republicans, two aides and Senate Majority Whip Dick Durbin, D-Ill., said Tuesday.

If the vote happens, it will likely be a test vote on extending tax cuts – now slated to expire at the end of the year – for families earning less than $250,000 and individuals earning less than $200,000.

At this point, the chances of such a measure passing look slim.

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Filed under: issues • Senate • Taxes
soundoff (42 Responses)
  1. amarjitsehmi

    Middle class rertainly will appreciate & welome tax cuts as it will boost up their spending power & make the house EMI & other commitments easy to fulfill. People in the higher income group who have enough money & are well entrenched in business have not hired more with earlier tax cuts & saved the money in investments for further increase rather helping the poor with jobs in business. If tax cuts are not productive, it is criminal to give them & make the worst use of liberty of action in business life.

    September 21, 2010 04:51 pm at 4:51 pm |
  2. sir magneto

    quite clearly as we saw during the bush dark ages, cutting taxes and removing long standing regulations always pays off, if you like crushing financial meltdowns as your pay off.

    September 21, 2010 04:53 pm at 4:53 pm |
  3. weequahic68

    Why do we always get comments from the Repugs on here saying "why can't the Dems get all their policies passed with their super majority". Well here is the answer – 41 is the new majority. The dems can never get passed the 'we're not gonna let them get it to the floor'.

    September 21, 2010 04:57 pm at 4:57 pm |
  4. LIP

    People making $250k per year and up are not millionaires and represent the people that are creating jobs and people who own small businesses. It is a travesty that these hard working americans should be penalized and pay more taxes and will only end up with them holding onto their money and not hiring more people or creating more jobs. Democrats are being wrong headed about this.

    September 21, 2010 05:03 pm at 5:03 pm |
  5. D. Bunker

    Just watch the GOBPbaggers block this effort as they do everything they can to please their faceless ultrawealthy overlords.

    September 21, 2010 05:06 pm at 5:06 pm |
  6. Randolph Carter (the real one), I'm no expert, but...

    Randolph Carter, I'm no expert, but... September 21st, 2010 4:09 pm ET
    "Did he mean don't CONTINUE to play games? "yes we can" is now "Yes we did". Yes we did pass Obamacare, passed card check, passed a fake stimulus omnibus bill, paid off our union buddies, and still have horrible unemployment numbers. And we want to legalize aliens and put the final nail in the coffin with cap & tax. I know, I know, it takes more time to fix 8 years of Bush. DEMS owned the congress the last four, so don't give me that crap."

    Hey, jive turkey, get your own screen name. Have a nice day!

    P.S. Ayn Rand was a second rate romance novelist.

    September 21, 2010 05:08 pm at 5:08 pm |
  7. Sniffit

    "tell us the truth about what affects AZ only closing the border will have on other states, and how you all can't let that happen."

    And there it is...the thinly veiled racist resentment I was talking about. Do you really think that we don't know that your comment translates as follows: "stop those frickin mexicans and brown people from coming here, get rid of (or sufficiently oppress) the ones that are here...illegal or not...and save our precious white country from these minorities who keep voting for Dems! The Dems won't save us from darky because darky votes for them!" Seriously...grow up.

    You think the nexus of the election of black man by a vast majority of the minority population and the youth vote, sociological studies showing "white" won't be the majority in a couple decades and the sudden pantwetting temper tantrum over illegal immigration and demagoguery about muslims and other brown people, baseless questions about Obama's birth country and his faith, etc etc...do you really think for one second that the connection amongst all those things isn't going to be drawn in the history books once the teatards have been firmly told to get the f-ck back under their rock? You either win this one and get to write it out of the history books, pal, or you lose and get branded FOREVER with it.

    You don't get it, do you (or maybe you do and that's what has you and the rest of the teatarded populace so freekin' crazed): All we have to do is WAIT and you're done...for good and always. YOU CAN'T STOP IT.

    September 21, 2010 05:09 pm at 5:09 pm |
  8. OBAMA YOU CAN'T STAND THE TRUTH!!!

    In the past six years the continous bombbarbment of spening has grown to outrageous preportions under Obama the last year and a half. He has leveled so much debt so fast that it will be many years before the U.S. can overcome it. By the time they do he will be long forgotten. Bill you need to get with the new world. A world of the Tea Party. Obama needs to litsen and if he expects a second term forget his rampage of trying to change the constitution just to favor a certain group. For the ones of you who do not know his next agenda is to slip under the table administration without the senate having a change to vote on or act on is amnesty to all illegals granting them citizenship. He intends to do it soon at least before the end of the year so that the Republicans can not block him. His idoacy in running big government will be the ruination of America. These illegals have no patrioism for America. If asked they will not join the military. If the draft is ever implemented again they will flee like rabbits after a car wreck back to Mexico. The cowards. Obama is also a coward never having served in the military nor does he intend to keep a strong military.

    September 21, 2010 05:12 pm at 5:12 pm |
  9. Dave

    Election gimmicks won't work this time around !!!!!!!!!!!!!!

    September 21, 2010 05:13 pm at 5:13 pm |
  10. Randolph Carter (the real one), I'm no expert, but...

    LIP September 21st, 2010 5:03 pm ET
    "People making $250k per year and up are not millionaires and represent the people that are creating jobs and people who own small businesses. It is a travesty that these hard working americans should be penalized and pay more taxes and will only end up with them holding onto their money and not hiring more people or creating more jobs. Democrats are being wrong headed about this."

    Don't be a "moran." You can create all the minimum wage, no benefits jobs in the world and let wages stagnate in the name of profit for three decades, but eventually, nobody can afford to buy the junk you're selling. Our economy runs on consumer spending. Trickle down doesn't work. Never ghas, never will. Have a nice day!

    September 21, 2010 05:18 pm at 5:18 pm |
  11. Sniffit

    You know, because if you make $25M per year, you clearly won't have nearly enough disposable income anymore...you'll be in the poor house even...if the tax rate for your bracket goes back up to Clinton era levels when the economy was off the wall. We can't have you reduced to a new Bentley every other month and a private jet with only 12 seats and one bedroom. And horror of horrors if your full-time yacht crew is reduced to 6 instead of 10!!! How will you cope!!!???? You'll have to stop buying groceries in order to make sure you get your weekly $5,000 pedicure and suddenly Shaw's and Big Y will go under and fire all their bag boys, forcing them to drop out of community college, which will mean the schools have to fire teachers and maybe even close their doors. And...shudder...god forbid...you won't be able to buy your 3rd mistress a brand new silicon valley you can motorboat while traipsing around Venezuela while your wife thinks you're on a business trip. I just can't even think about it any more...it's too upsetting...what has this world come to that we would so basely abuse our obviously superior brethren?

    September 21, 2010 05:18 pm at 5:18 pm |
  12. Sniffit

    "Now all of a sudden the myth is burst and EVERYONE who uh, uh, uh, uh ,uh pays taxes GOT A TAX BREAK and they worked until 2006 and then who took over the Congress back then? "

    Not really. What you need to do is inform yourself. Nobody denies that everyone got a tax break...nobody ever did. The tax cuts were characterized as "for the wealthy" because when you look at an honest chart depicting the breakdown in how th etax cuts were distributed amongst the populace by tax bracket or by categories of income level, the vast VAST majority of the tax cuts went to those who were already very wealthy. Yo need to stop asking your Speak & Spell for the answers to the hard questions and get your butt on Google...or does the idea that you might run across facts and evidence that completely obliterate your preconceptions frighten the manpampers off of you?

    September 21, 2010 05:24 pm at 5:24 pm |
  13. Four and The Door

    Again it looks like the Democrats are coming down on the side of liberal emotions and using politics to punish people for being successful rather than economic reality and jobs creation. Economists overwhelmingly support not raising taxes in this situation. Who is advising Democrats and how do they explain that advise?

    September 21, 2010 05:24 pm at 5:24 pm |
  14. B

    What a concept, help the middle class working people which they would spend and help the economy.

    The Republicans just do not get it, or the real truth is they don’t really care about working people and want tax cuts for the wealthy to continue.

    Why not, it will only cost 700 Billion that will add to the deficit that they created under Bush and allow them to invest more in Wall Street..

    September 21, 2010 05:26 pm at 5:26 pm |
  15. Yates

    Why did they wait until the last minute to do it? Democrats played politics with tax cuts and wanted to wait back in July until after the elections and now they realize we are hurting and are in a rush. Give me a break. This is how tone deaf our current leader are in Washington right now. We need new leadership and pass all the tax cuts. The GOP should hold out for all the cuts as 55% of small business owners are our sole proprietorships and are over the $250K threshold.

    September 21, 2010 05:27 pm at 5:27 pm |
  16. Sniffit

    "He has leveled so much debt so fast that it will be many years before the U.S. can overcome it. "

    Actually, and this is MATH, so it's truly not up for debate, no matter how close you stand to the microwave while wearing your tinfoil hat and watching your hot pockets rotate: the Bush tax cuts and Bush's borrowing to fund the wars in Iraq and Afghanistan (borrowing made necessary by those tax cuts...funny how he "doubled down," eh?)...those constitute the current and future winners for largest contributing factors to both the national debt and deficit. Bigger than the HCR Bill, bigger than the Stimulus...bigger than anything Obama or the Dems have done to date. This is FACT. This is not an opinion nor rhetoric nor supposition nor ideologically based analysis. It is FACT.

    September 21, 2010 05:28 pm at 5:28 pm |
  17. Sniffit

    "Our economy runs on consumer spending."

    Precisely Randolph. They thought they could pull the ole switcheroo and convert our economy to running on consumer debt and financial instruments, but found out real quick that it doesn't work. Now they're trying to figure out how to get it back to just running at all and hoping they can keep the consumer debt part so we're still beholden to our employers like good little b-tches.

    September 21, 2010 05:32 pm at 5:32 pm |
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