Bush tax cut fight could derail Senate small-business bill
July 10th, 2012
06:06 PM ET
2 years ago

Bush tax cut fight could derail Senate small-business bill

Washington (CNN) - The Senate voted Tuesday to begin debate on a bill to give tax breaks to small businesses that hire new workers or boost pay for existing workers. But the overwhelming 80-14 vote masks the broad expectation that because of an unrelated fight over the Bush tax cuts, the small business bill is unlikely to pass the chamber.

"You have to wonder whether the bill that we will go to shortly is a serious exercise," said Senate Minority Leader Mitch McConnell, R-Kentucky, shortly before the vote, as he a noted a procedural technicality could scuttle the bill even if the Senate did approve it. "So I'm not sure that the majority is interested in passing something."

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Filed under: Democrats • Mitch McConnell • Republicans • Senate
soundoff (14 Responses)
  1. Sniffit

    "In addition, McConnell said Republicans would insist on getting a vote on an amendment to extend all the Bush-era tax cuts for one year, which he said would provide some certainty to taxpayers"

    No. The only "certainty" is that Obama would veto that if it ever reached his desk. You know what's "CERTAIN"? What is certain is that both parties...everyone in the House and Senate...agree that the Bush TAx Cuts shoudl be extended for AT LEAST those earning up to $250K. Certainty would be passing what they can agree on and moving on until the rest of it can be worked out otherwise...wherever the chips may fall in November. Certainty is not trying to force a vote on something in an effort to make a solely political statement in an attempt to call the POTUS's bluff on his veto promise. Certainty is taking the certain steps first and the larger leaps later. Certainty is passing what you can pass now so you can move on to passing other things, SUCH AS A SMALL BUSINESS TAX INCENTIVE FOR HIRING....WHICH IS PRECISELY THE KIND OF THING THAT FALLS SQUARELYK WITHIN THE GOP's IDEOLOGICAL FRAMEWORK BUT THEY ARE OPPOSING AND OBSTRUCTING JUST TO DELAY RECOVERY IN HOPES OF DAMAGING OBAMA.

    July 10, 2012 06:12 pm at 6:12 pm |
  2. Sniffit

    ""You have to wonder whether the bill that we will go to shortly is a serious exercise,""

    Hmmmmmm....tax incentives (i.e., decreases in tax liability) for small businesses to hire new employees or pay their existing employees a little better.

    Did Beaker follow up his completely hypocritical party-line vomit about this bill not being serious by first wiping the mess from his chin on the flag and then launching into a tyrade about tax increases preventing small businesses from hiring?

    THEY WANT THERE TO BE AS LITTLE RECOVERY AS POSSIBLE SO THEY CAN BLAME OBAMA. IT'S THAT SIMPLE.

    July 10, 2012 06:17 pm at 6:17 pm |
  3. Sniffit

    Here's the thing:

    What the GOP/Teatrolls don't like about this is that it's tax cuts that are tied to hiring and pay increases as prerequisites. They justify tax cuts by saying it will magically do those things...just trust the free market unicorn farts postulate and the double rainbow trickle-down axiom and general, unspecified, untargeted, across the board tax cuts will magically create jobs and economic activity and increase the middle-class's wealth share, etc.

    Has it ever worked that way? NO. HIstorical record does not support that assertion. AT ALL.

    But once you specifically target those tax cuts and make the GOP's/Teatrolls' stated purpose for giving them into prerequisite for actually getting them? THEY FLIP OUT. If you're not understanding what's really going on here with the GOP trying to kill these tax incentives, then you're either braindead or on bath salts.

    July 10, 2012 06:23 pm at 6:23 pm |
  4. Larry L

    Republicans continue to sell trickle-down economics as if they had some shred of proof the concept has ever worked! I might respect them a little more if they'd simply tell the truth. Just tell us... "We're going to hold 98% of Americans hostage so we can deliver a tax cut to the only people we really give a rat's @$$ for – the rich! We don't care if it hurts our economy... We don't care if the loss of revenue drives up the deficit. We do care about our sugar-daddies and will make the rest of America suffer if they must pay a little more. You're making a mistake to believe we want to do the right thing... We totally don't care about anything but the rich. Got it?". That would at least be somewhat honest...

    July 10, 2012 06:23 pm at 6:23 pm |
  5. jean2009

    They need to send that old gezzer back to Kentucky permanently.

    July 10, 2012 06:39 pm at 6:39 pm |
  6. Myviewis

    Small businesses are reluctant to hire new workers, a new worker results in additional costs from insurance, taxes, training, equipment to supplies, even toilet paper expense goes up ( yes, we supply toilet paper, paper towels, coffee, water, hand soap to our employees and it gets expensive). A business ends up paying more instead of less with the hiring of a new worker and the tax cut is not that appealing, especially with the lose of the Bus-era Tax cuts. And sales are down for everyone, phones are not ringing like they used to so this bill is not that exciting.

    July 10, 2012 06:55 pm at 6:55 pm |
  7. Pete

    Here goes McConnell again,making excuses about a bill that could help business owners on tax breaks, then blames it on the president.Hey McConnell,did your mother use you as an excuse when she got pregnant with you,I bet you were a pain for all 9 months,weren't yah!!!Look at McConnells face,only a face a mother could love,yuck!!!

    July 10, 2012 07:03 pm at 7:03 pm |
  8. chuck weidemann

    Enough is enough.....good bills die and people are suffering while the fat cats are bickering about how much more the people who already have the most need more....we cannot cut our way to prosperity,nor can we cut the source of income to fund needed program like education....let's not return to the dark ages!!!! Cities are cutting police and fire wages to minimum wage....schools are cutting school years by weeks so Americans have some of the shortest calendars in the whole industrialized world and we have bigots and morons in congress who pretend what they are doing is important and It's not.....because they aren't doing squat.

    July 10, 2012 07:43 pm at 7:43 pm |
  9. No fault of my own

    I catagorically oppose EVERYTHING barry does

    July 10, 2012 07:47 pm at 7:47 pm |
  10. Thomas

    When is there Summer Vacation ?

    Anything to delay or obstruct Anything !

    July 10, 2012 07:56 pm at 7:56 pm |
  11. Namejkane fl SEND THE THREE TIME LOSER romney HOME AND MAKE IT FOUR.

    Republican haven't done anything for jobs in tree years about jobs so we can wait till Nov to sweep out the republican bafoon party trash !!!

    July 10, 2012 09:40 pm at 9:40 pm |
  12. enuff

    Because it's more important to protect the wealth of the 1% than it is to protect the backbone of America: the small business owner. Who was the bone head that put these two together anyway? It is obvious that it was meant to kill anything that might amount to some significance to middle america.

    July 10, 2012 10:01 pm at 10:01 pm |
  13. ThinkAgain

    The Repubs would rather fight to protect tax cuts for the rich – even though 62% of American millionaires and billionaires WANT to pay more in taxes – than work to pass a bill that will help small businesses.

    July 11, 2012 01:06 am at 1:06 am |
  14. J.V.Hodgson

    I think what is going to happen in this farce of a congress is as follows:-
    1) Tax cuts for small business are going to be stopped by the house adding a provision that the Bush tax cuts be extended.
    2) If I were Democrats from now on in I would do one of two things a) enforce the addition of either defence cuts or
    b) Demand in the passage as an amendment of any bill where a) was inappropriate that the over $250 tax cuts expire.
    Thats about the mindless level Republicans work on = do nothing that helps in congress, especially the economy or helps thier much vaunted small businesses.
    They dont listen do they ( Republicans) I suggest Harry Reid lets any full Repeal of health care, just go direct to a vote dont waste valuable time on something that the President has repeatedly said many times He will Veto. When the President does this he simply asks the House/Senate to come up with viable improvements to the legislation, no repeals of any part and put them thru the process please, glad to help
    We the people deserve better than this time wasting. Do it if you are elected after November with enough votes to make it happen.
    Regards,
    Hodgson.

    July 11, 2012 03:41 am at 3:41 am |