December 2nd, 2010
03:59 PM ET
7 years ago

House passes tax cut extension

Washington (CNN) - With Republicans steadfast in supporting an indefinite extension of all Bush-era tax cuts, Democrats in the House and the Senate moved Thursday to limit the reductions, in full, only for families making $250,000 a year or less.

Senate Majority Leader Harry Reid announced on Thursday night that he was told a single unnamed Republican scuttled an agreement over a plan for several tax-related votes. Despite that, Democrats would go ahead and weigh in Saturday only on the two bills that many of their members supported.


Filed under: House • Taxes
soundoff (28 Responses)
  1. Laurie

    Good job.

    December 2, 2010 04:07 pm at 4:07 pm |
  2. Me

    This is a lame duck session, Most of you won't be back anyway
    because there is no tomorrow

    December 2, 2010 04:08 pm at 4:08 pm |
  3. informed voter

    It's about time! And I am one of those who will be paying more taxes because my family is fortunate enough to be in the top tax bracket. It's time for Americans with the good fortune of wealth to help get our nation out of the hole we find ourselves in. Now extend the unemployment benefits for those who so desperately need the help in this season that is supposed to represent giving, caring, and sharing!! BTW, the unemployed will also spend those dollars, thereby helping our economy.

    December 2, 2010 04:10 pm at 4:10 pm |
  4. Sherry

    Boehner says this is a game-play by the Dems, however, anyone who has watched the GOP in the past 2 yrs has noted they block EVERYTHING that comes past them. They "say" they have the "people's" interest at heart, but let's be honest, they just want to stick it to the Dems and try to make it look as if the Dems cannot accomplish anything and are spenders. I noticed when THEY held the majority of both houses, there seemed to be a blank check with whatever they wanted and they did NOT show any concern for the National Deficit. Where was Sarah Palin and the rest of the people who are pitching a fit about the debt when all of that was going on? Just a huge show for the good citizens of the United States to make them think they truly care and in hopes of gaining the White House back in 2012. God help us if they do!

    December 2, 2010 04:16 pm at 4:16 pm |
  5. Dutch/Bad Newz, VA

    Wonderful news. No tax cuts for the rich. Fascism is DEAD!!!

    December 2, 2010 04:16 pm at 4:16 pm |
  6. Four and The Door

    So now my taxes will probably go up. That makes it easy to hold off on that job opening I wanted to post. I absolutely have to pay the tax bill but I can wait on hiring the next employee. There's enough risk being the guarantor for a small business to start with.

    December 2, 2010 04:19 pm at 4:19 pm |
  7. Chipster

    And the Senate Republicans have the wealthiest 2% of Americans at the very top of their priority list. All that talk about reducing the deficit was garbage. They have no plan at all for reducing costs and are willing to place national security at risk to protect the wealthiest Americans, many of whom don't recommended extending the tax cuts. We CANNOT afford to extend them! During the past 8 years, the tax cuts have failed to create jobs so the Republican argument is nonsense, garbage, false, deceitful and simply wrong. Why do Americans keep listening to these fools? They scare the public into voting against their own interest with exaggerated and false information. Do a little research people!

    December 2, 2010 04:19 pm at 4:19 pm |
  8. Rick McDaniel

    This may be, the last thing the Dems can get through. Once the Congress reconvenes, after the holidays, the Dem majority will be gone.

    December 2, 2010 04:20 pm at 4:20 pm |
  9. John Boehner is the dumbest person to become speaker

    Finally some common sense. Although, we all need to make some sacrifice to rein in our national debt. I'll bet Boner is going to have a lot of explaining to the billionaires who elected all the repubs. It will be enough to drive him to drink.

    December 2, 2010 04:26 pm at 4:26 pm |
  10. Peter E

    It is amusing that once again the one thing nobody seems to question is that tax cuts create jobs, even though historically there is no data supporting that theory at all! In the last thirty years we've had tax cut after tax cut and yet we plunged into repeated recessions. Reagan passed huge tax cuts and yet his administration created not just one but TWO recessions! Clinton marginally raised taxes and *gasp* the economy boomed during his administration. Bush Jr. passed tax cuts, and yet he ended his first tirm with a net loss of jobs, and his second term with the greatest economic plunge since the Great Depression. Obama didn't question tax cuts, in fact passed several of them himself, including huge amounts in the hypocritically criticized stimulus bill. He claims it saved jobs, republicans insist Obama didn't create any jobs. (so in fact saying tax cuts didn't create jobs)
    Face it: the rich have not created jobs from the money we kept giving them for the past three decades. What makes you think they'll do something different this time?

    December 2, 2010 04:26 pm at 4:26 pm |
  11. New Age Independant

    This is just another lame move by Democrats. They KNOW that the bill will never pass the Senate, yet they continue to play political games in the House. The time for stupid Democrat games is over.

    December 2, 2010 04:29 pm at 4:29 pm |
  12. T'sah from Virginia

    Wow – I guess WE have a BACKBONE after all!!! Yes We Can!!! The RepubliCAN'Ts DO NOT speak for all Americans!!! They keep "chanting" the American People but they "do not" speak for all of us!! The MISSED the message that was sent during the election – CUT SPENDING!!! Extending Tax Cuts for the RICH will NOT cut spending – it will ADD to the deficit – Come on NOW – Simple MATH!!!

    We must continue to MOVE AMERICA FORWARD with our current leader, President Obama!!! YES WE CAN!!

    December 2, 2010 04:29 pm at 4:29 pm |
  13. Morgan

    So much for working together. I am looking for to gridlock come January 1st. How about that Obama TAX HIKE. You know they will spend our money well – thats a joke. Time to gut spending. The GOP needs to start by defunding Obamacare – suffocate that beast and everything else that wastes money.

    December 2, 2010 04:31 pm at 4:31 pm |
  14. sammieb51

    OMG I wonder if Boehner is going to cry again.

    December 2, 2010 04:43 pm at 4:43 pm |
  15. bob

    Bout time somebody got some balls. What took them so long? Now, let's see what the Republicans do.

    December 2, 2010 04:43 pm at 4:43 pm |
  16. Dominican mama 4 Obama

    - Congressional Democrats rammed a bill through the House of Representatives Thursday permanently extending the Bush-era tax cuts only for families making $250,000 a year or less.
    -------------------------------------------------–CONGRATULATIONS TO MY DEMOCRATS!!!!!

    December 2, 2010 05:04 pm at 5:04 pm |
  17. Marie MD

    I hope this means that a lot of thoseo old rethugs are going to die in the next two years so that their families can take their estate money.
    In the meantime the rich, and those in congress of course, will only get richer.
    Thanks to all the morons out there who voted these people in office in 2010. I hope none of what the rethugs are doing affects you much!

    December 2, 2010 05:09 pm at 5:09 pm |
  18. Senate Democrats needs to step up! or get out!

    Now pass the bill in the Senate by using "Reconciliation" 51 votes to pass middle class tax cuts for ten years.

    December 2, 2010 05:09 pm at 5:09 pm |
  19. Elizabeth

    This is the way the Dems are suppose to roll. We are the majority. Let them know that the American majority spoke in the
    election of our President Obama, and that we the people will stand by him in 2012, if he just stands by us, the middle class
    MAJORITY who elected him to represent us by standing up to Republican tyranny.

    December 2, 2010 05:10 pm at 5:10 pm |
  20. Jake

    Four and the door, you CAN'T possibly own a business as much time as you spend posting Palinesque lemming ideology on the blog.

    December 2, 2010 05:13 pm at 5:13 pm |
  21. PalmReader

    So now my taxes will probably go up. That makes it easy to hold off on that job opening I wanted to post. I absolutely have to pay the tax bill but I can wait on hiring the next employee. There's enough risk being the guarantor for a small business to start with.
    You amuse yourself. The rest of us, not so much.

    December 2, 2010 05:17 pm at 5:17 pm |
  22. Marcus

    Four and the Door – Still trying to make us believe that you work for a living?

    December 2, 2010 05:18 pm at 5:18 pm |
  23. Alistair

    I wish the Democrats would have done it before the election.

    December 2, 2010 05:18 pm at 5:18 pm |
  24. Four and The Door

    I expect these same Economic Wizards will solve the unemployment problem by passing extended unemployment insurance in perpetuity. On this trend, eventually the dollar will be worth so little the Chinese and Indian companies will be outsourcing manufacturing back to the US which will be fine with the unions. Except it will take 3 years of salary to buy a car and then a week's pay to fill it up with gas. Is this the America you want to leave for future generations? ( But it took some Democratic congressmen with balls to get us there! )

    December 2, 2010 05:20 pm at 5:20 pm |
  25. r u kiddin me

    kudos to informed voter, this post should have stopped after your comment.

    smart words –

    December 2, 2010 05:22 pm at 5:22 pm |
1 2