Senate Showdown Saturday: Tax Cut Votes on the Way
source: http://abcnews.go.com/Politics/tax-cuts-votes-senate-unemployment-rises/story?id=12303316
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Senate Majority Leader Harry Reid said he plans to hold two tax cut votes on Democratic proposals Saturday after a bipartisan deal to have four votes in the Senate collapsed.
The two Saturday votes will be on the House-passed bill to extend tax cuts for Americans earning under $250,000 a year and another from Sen. Chuck Schumer, D-N.Y., to raise the threshold to $1 million a year.
On Thursday, Reid, D-Nev., had been working with Republicans to gain the unanimous consent of all senators to bring four votes to the floor -- the two Democratic proposals as well as two Republican ones.
The GOP votes were to be on a proposal to permanently extend the tax cuts for all Americans, including the wealthy, and a proposal to temporarily extend all the tax cuts for five years. However, a Republican senator objected, so Reid instead filed cloture tonight on the two Democratic proposals.
Read more at:
http://abcnews.go.com/Politics/tax-cuts-votes-senate-unemployment-rises/story?id...
The two Saturday votes will be on the House-passed bill to extend tax cuts for Americans earning under $250,000 a year and another from Sen. Chuck Schumer, D-N.Y., to raise the threshold to $1 million a year.
On Thursday, Reid, D-Nev., had been working with Republicans to gain the unanimous consent of all senators to bring four votes to the floor -- the two Democratic proposals as well as two Republican ones.
The GOP votes were to be on a proposal to permanently extend the tax cuts for all Americans, including the wealthy, and a proposal to temporarily extend all the tax cuts for five years. However, a Republican senator objected, so Reid instead filed cloture tonight on the two Democratic proposals.
Read more at:
http://abcnews.go.com/Politics/tax-cuts-votes-senate-unemployment-rises/story?id...
