Got two news releases on this late today. Excerpts:
"Washington, DC – Today, Congressman Joe Baca (D-Rialto) joined a majority in the House of Representatives in voting to extend middle-class tax cuts that will spur economic growth in America and provide 97% of American families and small businesses with tax relief over the next ten years. The Middle-Class Tax Relief Act passed the House by a bipartisan 234 – 188 vote....
The Middle-Class Tax Relief Act permanently extends the 2001/2003 tax cuts for all families making less than $250,000 a year, including: current tax rates, marriage penalty relief, capital gains and dividends rates, and the $1,000 child tax credit. The legislation also protects more than 25 million taxpayers from the alternative minimum tax by extending the AMT patch through 2011, and permanently extends small business expensing provisions. "
"WASHINGTON, D.C. December 2, 2010 – Today Rep. Calvert (R-CA) voted against the so-called “Middle Class Tax Relief Act” (H.R. 4853), and opposed Speaker Pelosi (D-CA) and her cohorts for stifling job growth, attacking businesses and playing class politics. H.R. 4853 passed the House by a vote of 234 to 188, despite opposition from Republicans and 20 Democrats.
“With national unemployment remaining near 10 percent, and approaching 16 percent in the Inland Empire, and with the economy continuing to struggle, now is the worst possible time for a tax increase on any American,” said Rep. Calvert. “Raising taxes on the very people who create jobs will only result in more unemployment and, ironically, less government revenue."
Two wildly different takes on the same piece of legislation.
Answer by Olivia4116 at 11:09 PM on Dec. 2, 2010
Answer by janet116 at 11:51 PM on Dec. 2, 2010
Answer by LeanneC at 12:09 AM on Dec. 3, 2010
Answer by Anonymous at 5:41 AM on Dec. 3, 2010
Answer by sweet-a-kins at 8:58 AM on Dec. 3, 2010
LOL at the two completely different takes on the bill. Thanks for posting them.
Answer by QuinnMae at 9:12 AM on Dec. 3, 2010
Answer by yourspecialkid at 10:31 AM on Dec. 3, 2010
Answer by mustbeGRACE at 10:32 AM on Dec. 3, 2010