Senate Dems to follow House on tax cuts
December 2nd, 2010
05:19 PM ET
7 years ago

Senate Dems to follow House on tax cuts

Washington (CNN) - Senate Democrats may soon follow the House Democrats lead and bring tax cut votes to the Senate floor.

According to Jim Manley, spokesman Senate Majority Leader Harry Reid, those votes could take place either Friday or Saturday.

Senate Democrats are talking about at least two votes. First, the bill the House passed today to permanently extend tax cuts only for those making $250,000 or less. And then New York Democratic Senator Chuck Schumer's idea to extend tax cuts for those making up to $1 million.

It's also possible Republicans may get a vote on their goal of extending all tax cuts for all tax brackets permanently.

None of these is expected to get the 60 votes needed to pass.

But, like the House, many Senate Democrats argue it's important to get on the record with their preferences and priorities before a tax cut deal is done. Several sources in both parties say Administration and Congressional leaders are getting closer to a broad agreement that includes a compromise to extend all bush era tax rates temporarily.

Filed under: Senate Democrats • Taxes
soundoff (54 Responses)
  1. terry, va

    The dumbocraps are showing how stupid they are. I hope the repubs block this and any other vote on the tax bills and let them all expire. I'm tired of the class warfare crap the dumbocraps are selling. I can stand my taxes going up if you fools can.

    December 2, 2010 05:27 pm at 5:27 pm |
  2. patcee

    Mr. President, all the supporters you have left are watching what you do here. If you cave on this, you will have to cave on everything else. PLEASE take a stand for what you know is right. If the fight is lost, let it be because the Republicans took the wrong path, not you! Do not be the President the Republicans talk about – be the President your supporters believed you would be when they elected you. What good is extending friendship across the aisle if it means the wrong things are done for the country? Do not cave on this one.

    December 2, 2010 05:28 pm at 5:28 pm |
  3. kyle

    The GOPers are ready to show what they are made of, no unemployment for the poor, but tax cuts for the rich.

    December 2, 2010 05:28 pm at 5:28 pm |
  4. King

    I don't think it's a good idea to extend all tax cuts, especially when big copra
    Ration refuse to invest the trillion of dollars the have on the sideline. Obama need to force them to promiss that they will start investing the money back into the economy and get America working again.

    December 2, 2010 05:31 pm at 5:31 pm |
  5. dwayne

    Christian Republicans vote against tax cut for middle class Americans. Don't forget these republican's names. GOP; Where are the JOBS?

    December 2, 2010 05:38 pm at 5:38 pm |
  6. dwayne

    Republicans demand tax cut for billionaires.

    December 2, 2010 05:39 pm at 5:39 pm |
  7. DAVE

    republicans are the most clueless people in the world. when people can't pay their bills they don't find a lesser paying job to help out the problem. goverment can't pay its bills so what is the republican idea to fix the problem ? they want to reduce the revenue coming into the goverment by extending the tax cuts. this is what they think if you give the highest income people a tax cut they will invest the money which will creat jobs. the only problem with that thinking is if you want your investment to really grow you don't invest it in the american economy you instead invest it into economies like china or india because their economies are growing in leaps and bounds which makes your investment grow the same way. people don't get rich investing money in loosing ventures. for a party that supports the rich they must think they are stupid as well about investing money!

    December 2, 2010 05:40 pm at 5:40 pm |
  8. dwayne

    Republicans fail. – No new JOBS.

    December 2, 2010 05:41 pm at 5:41 pm |
  9. roro

    This is PROOF that the Republicans care only for themselves and the wealthy. They voted AGAINST the middle class. It doesn't matter who brought this to the floor or why they did. All the nay votes speak volumes about the Republicans and their intentions to keep lowering taxes for the rich, which will add trillions to the deficit they're always crying about. Since the 1950's the rich have had their tax rate cut and cut and cut while the middle class pays the bills. They are a bunch of phony hypocrites whose stripes are now showing. Democrats – stand your ground!

    December 2, 2010 05:43 pm at 5:43 pm |
  10. Alan

    Can the Senate Dems not just use Reconciliation again to bypass the filbuster? The Bush tax cuts got passed via reconciliation to begin with.

    December 2, 2010 05:46 pm at 5:46 pm |
  11. dwayne

    Christan Republicans destroy christmas for unemployed Americans. Many have paid employment insurance for years. GO; Where are the JOBS?

    December 2, 2010 05:47 pm at 5:47 pm |
  12. Bob in Pa

    You can call it that all day long but taxes are still not revenue. We need comman sense taxation in this country. Remove all the hidden taxes and bring it all into the open. Then set a single tax rate for the government to live by, everybody pays ! The government gets a raise when we the people get a raise..

    December 2, 2010 05:47 pm at 5:47 pm |
  13. Ray

    The house rammed it through like it typically has done the last two years. All this is going to do is make people receive smaller paychecks come January 1st because the GOP is going to make sure they don't have 60 voites. Cute stunt by Pelosi but lets see who has the last laugh when people are short come bill time in 2011.

    December 2, 2010 05:50 pm at 5:50 pm |
  14. Arlie

    The rich get richer. And the rest of us don't. This, my friends, is the Republican way. But damn it not the American way!

    December 2, 2010 05:51 pm at 5:51 pm |
  15. Anonymous

    Most of rich people don't print money in their basements.They WORK for it as hard as everyone else!!! And they already pay more tax than the rest. How much should they be "milked" like cows to satisfy this society's demands ?
    I do make over 250K but I work almost everyday long shifts, don't see my young kids, hardly eat and sleep.
    How fair is to ask me to pay more tax when good half of the country does not pay a penny in federal taxes?
    Well, guess what...I won't work more anymore! I'll stick to 250 K which is still good money. I'll cut back on spending and will not support local economy cause I have to save for my kids future. THERE GOES THE MONEY, DEAR DEMOCRATS!! And I am not alone out there, all of my friends are going to do the same

    December 2, 2010 05:51 pm at 5:51 pm |
  16. Poser

    Good. Make the GOP filibuster and vote against tax cuts for the middle class. Pass it with reconciliation if necessary. The GOP said they want smaller bills so let them write a bill to extend the tax cuts for people making over $250K a year and see how it goes for them.

    The people want tax cuts for the middle class. That's the common ground we hear the politicians speak about. Pass it already.

    December 2, 2010 05:55 pm at 5:55 pm |
  17. Dale

    The national debt is the biggest threat America faces, and all congress will do about it is point fingers.

    December 2, 2010 05:56 pm at 5:56 pm |
  18. anthony

    Tax the starving, give more to your rich pals.
    If you voted Republican, you voted for this.

    Now stop complaining about what Obama has or hasnt accomplished, when the Right has obstructed everything needed to get the country back on track.

    December 2, 2010 05:56 pm at 5:56 pm |
  19. Tony

    Repubs, one question for you to answer. Where are the jobs over the last 10 years that those who make over $250K per year and have had the tax cut were supposed to create?
    This is all a fallacy to keep the millionaires rich and the rest of us poor and without jobs.

    December 2, 2010 05:57 pm at 5:57 pm |
  20. Sniffit

    "" On Tuesday the Department of Labor issued an independent study commissioned by the Bush Administration and co-authored by the chief economic advisor to John McCain’s Presidential campaign, finding that since mid-2008, the federal unemployment insurance programs have saved 1.6 million jobs in every quarter – averting 1.8 million layoffs per quarter at the height of the downturn – and that the programs reduced the unemployment rate by 1.2 points.

    • The DOL study also affirmed the multiplier effect of unemployment insurance: “For every dollar spent on unemployment insurance, this report finds an increase in economic activity of two dollars,” it states.

    • A new Congressional Budget Office study this week echoed the DOL findings, saying that “the extensions of unemployment insurance benefits in the past few years increased both employment and participation in the labor force over what they would otherwise have been in 2009."

    • A Census Bureau report in September found that 3.3 million people, including 1 million children, were kept out of poverty with income support provided through unemployment insurance, a NELP analysis of the study explained.

    • Goldman Sachs analyst Alec Phillips has projected that allowing the federal unemployment insurance programs to expire will cut consumer spending significantly and reduce already-languid GDP growth by half a percentage point.

    • A Congressional Budget Office report from January ranks unemployment insurance as the most effective stimulus to the economy, generating $1.90 in economic activity for every $1 the government spends. The report ranks tax cuts for wealthy Americans as the least effective method of economic stimulus."

    December 2, 2010 05:57 pm at 5:57 pm |
  21. Marcus

    terry, va – 'I'm tired of the class warfare crap the dumbocraps are selling'
    Why? Because you are a 'Real American'?
    Fella, BUSH started it with the famous 'you are either with us or against us'. That moment he proclamed HIS ideas and points of view as the only one valids and perfect to save the country... oh, and the world too.
    WMDs and September, 2008 are the first things that come into my mind when I think about his 'points of view' and their validity. I am sorry if you still believe in the 'US against THEM' yadda yadda that Gingrich, Palin, Boehner and Co. still spit on the rest of the Americans in a daily basis, but I won't gonna get down to your level and make stupid generalizations.
    Anyone, from the right or the left, that does that is making a big mistake!
    PS: Sorry for all the 'typos' that I let pass in my posts folks...

    December 2, 2010 06:00 pm at 6:00 pm |
  22. vet in tx

    guess what we haven't seen anymore since the elections.........the tea party. The ones who "claim" they are for smaller government, lower taxes, and the constitution. Guess why we haven't saw them since.......because they never were for smaller government, lower taxes, nor the constitution. We are talking about 3-4% increases, if a small business can't write that off along with all the other tax breaks they have (Obama gave them), then they really shouldn't be in business. How funny we Americans are, to blind to hating the Obama, Reid, Pelosi, socialist, Kenyan, communist, marxist, muslim, we didn't see this coming because Palin, Hannity, Beck, and Limbaugh were making us pay no attention to the man behind the curtain. Essayons America!

    December 2, 2010 06:01 pm at 6:01 pm |
  23. GOP Taliban Victim

    Good it's about time. Grow a spine already Senators.

    December 2, 2010 06:02 pm at 6:02 pm |
  24. DAVE

    well here we go again the house has put a bill in the senate for what they think is a vote. listen and you can already hear mitch mcconnell throwing himself on the senate floor crying and kicking his feet because it is not what he wanted. what comes next? the commander and chief of the rubber stamp senate republicans is already starting to issue orders to vote no on even bringing the bill to the senate floor for debate or even a vote. such is the life of spoilled childern who want it only their way! i wonder if he is going to cry and kick his feet when john boehner sends him what he wants only to find out he has not got enough rubber stamps to vote yes to the bill.

    December 2, 2010 06:02 pm at 6:02 pm |
  25. I voted for neither

    Raise my taxes, I can stand it if you can. And I guarantee I'm making far far less than most of those people complaining about the rich.

    I'd rather start paying the deficit than deal with this class warfare BS.

    December 2, 2010 06:08 pm at 6:08 pm |
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