WASHINGTON (CNN) - The hotly contested tax deal negotiated by President Barack Obama and Republican leaders cleared a key Senate procedural hurdle Monday, with both parties strongly supporting a motion to end debate on the measure.
Final Senate approval could come as early as Tuesday on the package that includes extending for two years the Bush-era tax cuts set to expire December 31, as well as extending unemployment benefits for 13 months, cutting the payroll tax by 2 percentage points for a year and continuing a series of other tax breaks.
...both parties strongly supporting a motion to end debate on the measure.
This is what happens when Obama actually works with the Republicans. The "Party of No" becomes your best ally and things will get done. Americans will benefit the more Obama includes Republicans in on discussions and decisions. Things will get done. And we will see results outside of Washington DC.
Extending these tax cuts was the first thing this administration has agreed to that makes any economical sense. Too bad we had to tack on a 13 month unemployeement benefit. I guess the tax cut wont affect those enjoying extended unemployment.
Shouldn't we include more for the younger Americans in this deal, since they will be stuck paying for it??
I guess they (the youth of America) deserve it for not voting so much.
And I hope the House Democrats won't be making any changes to score political points.
Mitch McConnell wouldn't like that, and he's the Senate MINORITY Leader.
will unemployment benefits be extended past 99 weeks??
Looks like OLD BILL did it again. Reached down in his back pocket and came up with a solution to get the polecat Democrats to moving. What the Hades do we need with all the expense of Obama and crew just put BILL back in the saddle. Then this whole mess would be solved in six months. YOU COULD BET ON IT. AIN'T NO ETHNIC GROUPS GONNA SCARE OLD BILL. YOU GO MAN.
Well after all the bru haha, the Senate has passed a procedural vote, the real vote has yet to come. Now just as in the Senate McConnel has to give assertions on Republicans voting, and as usual issues threats to House democrats that changes mean all taxes go up. If I were Pelosi I'd figure out how many Republican tea partiers aren't going to vote yes, and then get that number and two less Dems to oppose on the basis of an estate tax amendment, so that the bill failed by one vote of which two were Republicans.
If McConnel then holds good to His pledge of not releasing his Senate Republicans to vote then its Republicans who have caused the taxes for all to increase... Just to protect estate taxes from increasing. Any good financial advisor can tell small business owners how to avoid and minimise this estate tax on thier business.
Personally the rich tax cut maintenance should not happen and many of my so called independent friends agree.
Obama for sure will put it back on the table in 2012.
WOW, I just saw the full extent of some things re the cost of various elements of this " compromise"?!?
It leaves me with the hairs on the back of my neck standing up in absolute anger and utter amazement, that either Republicans or Democrats can vote for it while it contains the two following items:-
1) Tax cut maintenance for the rich by liberal Dems and any Republican teapartier who said debt, debt ,deficit, deficit. $70bn cost.
2) The estate tax reduction retention cost $68bn in 2011. How can either side even remotely support this when the countries debt and deficit are increased thereby.
Not just my opinion all the polls and vast majority of economists. Neither would be Job creation detrimental, or economically damaging.
As far as I am concerned compromise = both sides giving way. This is not compromise its dictat by Republicans at the expense of Mr average and the deficit and national debt.
Right now I have lost faith In all sides, spectrums, shades of red or blue or something in between of any political party.
They are all a bunch of ideological bigots, hide bound by religious persuasions on many many votes and financed and influenced too much by money..... where did principle and moral rectitude go as outlined in the constitution and bill of rights read and interpreted by reasonable people? Not a bunch of lawyers, or religious bigots or vested interests with money supporting either side of the aisle. Time America recognised in this latter sense " money is the root of all evil."
The Obamas can turn out the lights in the White House when they leave in 2012. People like me who donated and campaigned for him won't bother to do it again. The President and every Senator and Representative who votes for this trillion dollar bonus for the top 3% of earners, at the expense of Social Security, should be voted out of office in their next election. It's unthinkable to me our leaders have done this, especially while 9/11 responders are given spit! Republicans drag them out for display on 9/11 and heap praise on them during elections. Then, nearly every one of them voted NO to help them with illnesses caused by working at ground zero. Disgusting, shameful, sorry...I just can't find a word strong enough.