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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (587135)	9/23/2010 5:26:10 PM
From: J_F_Shepard	Read Replies (2) \| Respond to of 1576826

Perhaps they don't remember what you repubs called the largest tax hike in history when Clinton passed his 1993 balanced budget whatever.....check the financials of Clintons years...

To: Bill who wrote (587135)	9/23/2010 7:58:09 PM
From: FJB	Read Replies (4) \| Respond to of 1576826

Democrats Delay Vote on Extending Bush Tax Cuts SEPTEMBER 23, 2010, 6:28 P.M. ET. By MARTIN VAUGHAN online.wsj.com WASHINGTON—Senate Democratic leaders have decided to delay a vote on President Barack Obama's call to preserve middle class tax cuts until after congressional elections in November. A spokesman for Senate Majority Leader Harry Reid said Thursday that the Senate will return in November and work to extend the tax cuts for middle-income taxpayers. Asked whether senators ought to be given a chance to vote on extending middle-class tax cuts that expire at the end of the year, Sen. Richard Durbin (D., Ill.) told reporters, "I can see the value in that, but because of the short time frame, it may be difficult." The Senate is expected to adjourn at the end of next week until after the Nov. 2 elections. Sen. Reid (D., Nev.) and Democratic campaign consultants had argued for a pre-election vote. Some felt that such a vote could help Democrats in the fall by showing support for protecting middle-class tax cuts while painting Republicans as willing to protect the wealthy. But other Senate Democrats argued privately to postpone the vote, believing that Republicans could use a pre-election vote to argue that Democrats want to increase taxes on small businesses. Meanwhile, some senators are pushing for votes on legislation to discourage companies from moving jobs offshore and on a Supreme Court decision that relaxed restrictions on campaign financing. Senate aides said that those initiatives have moved ahead of the tax-cut vote on the list of items likely to be addressed in the coming week. Tax cuts enacted under former President George W. Bush, affecting people at all income levels, are slated to expire at the end of the year. President Barack Obama has proposed extending tax cuts only for people with less than $200,000 in income, or $250,000 for married couples filing jointly. Republicans charge that allowing tax rates to rise on higher-income taxpayers amounts to a small-business tax increase because many small-business owners pay taxes as individuals. Senate Finance Committee Chairman Max Baucus (D., Mont.) is drafting a bill that is expected to track closely with Mr. Obama's plan. He also expressed uncertainty that the Senate will vote, given the little time left before the Senate adjourns. "I just don't know, people wanted to leave town by the end of next week," he told reporters Thursday. "It depends on what all we can fit in." Mr. Baucus didn't say whether he will still introduce that before the election if the Senate doesn't hold a vote. "I just think a bill to extend the tax cuts should pass, so I'm going to do what I can to make that happen," Mr. Baucus said. Mr. Durbin said that even if the Senate did vote, it is unlikely Congress would be able to complete work on the bill prior to the election, given that the House hasn't yet acted on extending the tax cuts.