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. Peggy - TX

    Let them filibusters – make the Republican Senators stand up, one by one, 24/7 ,and explain in clear unambiguous language to the American people why the Republicans want to block an up/down vote on this bill !!!

    It is about time the middle class woke up and stopped drinking the kool aid fed to it by the foreigners that run Fox news.

    We need to raise tax an additional 3% for the top 2% income earners.

    December 2, 2010 06:15 pm at 6:15 pm |
  2. Mat T

    The bill passed by the House extends the current tax rates for income up to $250K. If someone makes more than that–say, $260k–then the increased tax rate would only apply to $10K (the first $250K continues to be taxed at the Bush-era rates.) This is NOT draconian, but a fairly reasonable first step in putting our fiscal house in order. I hope the GOP begins governing instead of obstructing.

    December 2, 2010 06:21 pm at 6:21 pm |
  3. once upon a horse

    WOW you mean the Democrats are FINALLY showing that they have a spine?? I guess this is really catching you right wingers by surprise that hopefully folks like Rush, Glenn, Sean and now even Sarah will have to pay their fair share of taxes. But hey they will continue to create jobs like they have during the past 10 years, right?

    December 2, 2010 06:24 pm at 6:24 pm |
  4. Dumbasrocks [R]s

    Yes senate [R]s, take your stand now: AGAINST the middleclass, FOR the rich.

    The Bush tax cuts FAILED to sustain our economy, and drove us into more debt. The [R]s policies from that recent era of unbridled [R] power caused us to borrow huge amounts of money from China, of all places, to fund the Iraq war while giving the richest among us the biggest tax cuts. So much for shared sacrifice! What abject [R] stupidity. And now many of my abjectly stupid fellow citizens have voted this useless rightwing cabal of haters back into power!

    December 2, 2010 06:32 pm at 6:32 pm |
  5. They ought to change from the elephant to the hippo...

    Aww... Come one now... They're the JOB creators! Why don't we just give them a tax holiday for six months and if the unemployment rate drops to 4%, they can keep it and the 39% rate. If not, they can retroactively pay 50% taxes and maintain that rate.

    December 2, 2010 06:34 pm at 6:34 pm |
  6. GOP hates poor people!

    The Senate Democrats should use "Reconciliation" to pass the middle tax cuts only. All you need is 51 votes to extend for 3-10 years.

    December 2, 2010 06:34 pm at 6:34 pm |
  7. bonish bonishov

    "Mr. Terry, VA". This is a public forum where exchanges of sound ideas can help people understand better issues and how they are affecting the current and future generations. Keep the childish name calling out and state your position the way you did in agreeing with the expiration of the current taxes for everyone. That is a comportment of an intelligent adult...don't act like the leaders of your republican party in Congress and in every right wing media with their name callings such as socialism, death panel, hand-outs, birth certificate, rationed health-care, anti-business, 200 million/day presidential trip to Asia, etc...i am sure you are a lot more intelligent than that.

    As for my position on Bush's tax cuts, give a tax cut to everyone for the first $250,000.00 as proposed by the Democrat. Anything beyond that should go back to what it was during the Clinton's years. The dreaded tax cuts haven't created jobs in the past ten years they have been in place, but they have increased the wealth of a minority of very rich people who shipped the majority of jobs else where to further increase their bottom lines. Republicans are wrong on this issue and Democrat should force that vote so that informed voters can see who is on their side...

    December 2, 2010 06:37 pm at 6:37 pm |
  8. anthony

    Republicans will filibuster the bill. But they should remember that they can't get the tax cuts they want for people making over $250,000 unless a bill is passed. And they can't get a bill passed without Democrats. If Republican can filibuster with 41 votes in the Senate, Democrats can filibuster whatever Republicans want because they have more votes. The tax cuts will expire without a bill. If Republicans don't care about people losing unemployment checks but insist that people who make over more than $250,000 can't afford to lose their tax cuts, Democrats needs to put Republicans on record so that the voters will know where Republicans stand.

    December 2, 2010 06:47 pm at 6:47 pm |
  9. Jim from Va

    We don't need to be rasing anyone's taxes when the economy is so bad.

    December 2, 2010 06:48 pm at 6:48 pm |
  10. Four and The Door

    Pay attention. The Republicans want tax cuts for everyone. They want Government to be less of a drag on our economy so more jobs can be created. How many wealthy people do you think are standing in unemployment lines? Not many. A better economy with more jobs helps the middle class and everyone on both sides.

    December 2, 2010 06:49 pm at 6:49 pm |
  11. Kara

    Why are CNN selling an across the board tax cut as a compromise? Are you guys still trying to get your cut before christmas, cos with the level of reporting currently going on, most of you should be more worried about having a JOB than the tax on your income.
    I don't want to hear your hopes and dreams packaged as a compromise, I'd like you to report what actually happened today. Republicans voted AGAINST tax cuts for 98% of their people, and Boehner went back on his word.
    Where's THAT headline?

    December 2, 2010 06:53 pm at 6:53 pm |
  12. Terrell Lewis

    If tax cuts created jobs, Bush wouldn't have had the worst job creation record since they started keeping records. Taxes, if properly spent, are needed for infrastructure improvements which would attract business, which would create employment, which would increase the tax base, which would pay to improve infrastructure, which would attract business, which would..... etc.

    December 2, 2010 06:56 pm at 6:56 pm |
  13. What is the country coming to

    OBAMA if you cave on this , I will not vote for you some balls.......don't let the rep get their way.
    Who's in CHARGE. don't cave please....STAND FOR WHAT YOU BELIEVE........THE PEOPLE not the wealthy who does not have a clue abount middle Americans. DONT CAVE or I will CAVE

    December 2, 2010 06:56 pm at 6:56 pm |
  14. grndpa

    Here is a thought. The elephants say they can't extend unemployment benefits or healthcare for 9/11 workers unless they are paid for. Why not pay for them (+ other programs) by reducing the bush tax cuts on the very wealthy. I am for a total elimination of the super-rich tax cut eventually, and not just for those who earn over $250K. However, I also think these things should be phased in, and eventually get to the point where those who earn over 250K would lose their tax cut completely within 2 or 3 years, and those who earn 150K to 250K would lose a smaller portion of their tax cut over a longer period (4 years). Unfortunately, the Bush tax cuts have been built into our economy for 9 years, so we can't just go cold turkey. On the other hand, we need to start dealing with the Republican deficits fairly soon. A phased approach makes sense, it gets the unemployment benefits rolling. The benefits extension is of greater value than a tax cut for the super rich, because the that money will be spent in the U.S. and not invested in companies that hire foreign workers.

    December 2, 2010 06:59 pm at 6:59 pm |
  15. michaelam

    Ok, Dems! Stand hear that Chief Dem, President Obama? Members of the Senate? Pass the cuts for the middle-class. WE stimulate the economy! WE create jobs! Without our money fueling the economy, the economy remains stagnant and employers quit hiring!

    The tax breaks for millionaires did not create jobs in THIS country. If they did, we would not have the unemployment rate that we currently have. We would not have numerous people LOSING their unemployment benefits, because there would be not need for the benefits, another GOP scrooooo up. Oh, speaking of which-Thanks, Senator Scott Brown for denying thousands of people benefits. Glad you and your family will get to eat this holiday season...too bad others may not!

    December 2, 2010 07:04 pm at 7:04 pm |
  16. Keith

    Republicans claim we can't extend unemployment insurance because the country can't afford it. Then Republcians claim we CAN extend tax breaks. Is it only me, or do most Americans feel like the Republicans are playing us for idiots?

    Republicans claimed they were for cutting the deficit. They're not even in power yet and ALREADY they're running up the deficit simply to as a "thank you" to their wealthy donors. Voted for the Republicans to bring the deficit under control? Well hey, what's an extra $700B between friends, right?

    Americans need to start holding the Republicans responsible for LYING to the American people. They said they wanted to bring the deficit under control. Fine. Good idea. Cut $700B in spending FIRST and THEN you're welcome to give "thank you" tax breaks to your wealthy donors. NOT BEFORE. The Republicans have lied about doing their chores too many times before. Americans need to start telling the Republicans they can't have their candy (tax breaks for the wealthy) until AFTER they've done their chores (paid for them with spending cuts).

    December 2, 2010 07:10 pm at 7:10 pm |
  17. anthony

    The temporary extension of the Bush tax cuts will not be temporary. Republicans know this because the presidential election is coming up in two years. The temporary extension will get extended again, and the taxpayers will be stuck with the 3.8 trillion dollar cost from the tax cuts. What is more, Republicans will blame the resulting debt on Democrats. Democrats, if you have to let the tax cuts expire, let it expire. Let Republicans lose the only thing they care about. Just watch the deficit magically disappear without the tax cuts.

    December 2, 2010 07:11 pm at 7:11 pm |
  18. vette gal

    I sincerely hope President Obama does not compromise on this; it's time for him to grow some cajones! Stand up Mr. President and let the people know you are not only educated but strong. If it fails, then it will be the republicans fault not the democrats.

    Actually it's time for all of us to stand up. Higher taxes are what we need to repair our failing infrastructure and more. If we keep reducing taxes, soon there won't be any decent roads to travel on, more eletrical blackouts as our grid fails more and more, and on and on and on. I'm not wealthy, but I truly don't mind paying my fair share, as long as it's fair. These ultra rich people have enough write offs to reduce their taxes, so let their tax rate rise. Giving them the tax rate they've been receiving for the past 10 years hasn't created any jobs...the trickle down effect hasn't worked.

    December 2, 2010 07:20 pm at 7:20 pm |
  19. T'sah from Virginia

    I don't see why they all can't agree with Schumer's idea??

    1. Raise the threshold from $250,000.
    2. EXTEND Tax Cuts UNDER the threshold –
    3. END Tax Cuts for OVER the threshold

    The RepubliCAN'Ts should agree with this because that is all they were "throwing out there" during the campaign. I heard Boehner himself state that some small business could make up to a $1,000,000!! This is so simple.

    If you keep temporarily EXTENDING the Tax Cuts for ALL – the SAME problem is going to arise when it comes time to END IT!!!!

    President Obama – Do not bend backwards on this. If you're going to MOVE AMERICA FORWARD on the right track, you can't have a WEAK BACK!!!

    December 2, 2010 07:27 pm at 7:27 pm |
  20. G. M. Newbold

    This is where the Democratic Party establishes it's BRAND : The Party For THE COMMON, WORKING Man & Woman.

    By sticking to the $250,000 and under income threshold, President Obama telegraphs to all those "Joe The Plumber" types, those western PA, West Virginia, Missouri, Michigan, so-called "Reagan Democrats", whose side he and his party are on.

    The Republicans are only interested in exploiting the hard working to line the pockets of the more affluent and they don't care what Svengali lie they have to tell to do it.

    Business owners are NOT ALTUISTIC. They will only hire when they need additional LABOR to meet additional DEMAND so they can make additional PROFIT. This is simple business thinking. It is the PROFIT motive. Cutting the TAXES of a business owner will not create a SINGLE JOB.

    December 2, 2010 07:30 pm at 7:30 pm |
  21. gary

    If the President fails to live up to his campaign promise and agrees to an extension of tax cuts to the wealthy, he will lose my vote and millions of middle class americans. Failing to stand up to the republicans will lead to him being a one term President. This is the problem with all politicans; they think only of their re-election instead of doing what is right.

    December 2, 2010 07:34 pm at 7:34 pm |
  22. RepubliCONs

    We support cutting the deficit unless it hurts our wealthy contributors. We will make America more dangerous by holding the START treaty hostage, because we can't stand it if Obama does something sucessful. We vote against healthy meals for poor children, against help for the unemployed and for anything that helps our rich benefactors.

    December 2, 2010 07:48 pm at 7:48 pm |
  23. george from alaska

    $250,000 combined income is NOT RICH!!! Anyone that thinks it is is either an idiot or a fool.

    December 2, 2010 07:54 pm at 7:54 pm |
  24. Anonymous

    @terry, va Have you been paying attention at all? Republicans don't want to let the tax cuts expire! They want to extend them for those making $250,000 and up! Still clinging to the idiotic notion that wealthy people will use their tax cuts to create jobs. History has proven this to be false many times over but the GOP is determined to rob from the middle class to give to the rich. There concern for the deficit doesn't include the nearly $ 1 trillion for these bonuses for the wealthy - oh, yeah don't forget that the GOP wants to cut Social Security and Medicare.

    December 2, 2010 07:59 pm at 7:59 pm |
  25. Albo58

    This vote in the House was a political stunt and anyone with an IQ in the double digits recognise this. The Dimwits basically voted to raise taxes on the same folks that already pay the majority of taxes that are raised by the income tax. This class warfare farce conducted by the Dimwits and this President in particular is merely a pander to the same trash that was voted out of office last month, nothing more!

    December 2, 2010 08:06 pm at 8:06 pm |
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