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No shock here. The do nothing dems in action yet again. All the republicans fault though according to the swooners.
"Senate majority leader Harry Reid, a Democrat, made his "fiscal cliff" position clear in a press conference today. "We are not going to do anything," said Reid.
Reid added, "We are not taking up anything they are working on over there."
The top Democrat in the Senate was explaining his inaction on the House plan, the proposal put forward by Republican John Boehner, the speaker of the House of Representatives. Boehner's plan is being referred to as 'Plan B.'
"Boehner described his Plan B as a fallback option to prevent a sweeping tax hike when tax cuts from the administration of President George W. Bush expire at the end of the year. Sources said the Boehner measure also would include extending the current estate tax and alternative minimum tax, two steps sought by Republicans," reports CNN.
The 'Plan B' option tracks closely to a proposal put forward by Democrats earlier this year.
But now Reid won't even allow the Senate to vote on Boehner's proposal.
In the past, Reid has indicated he'd be open to compromising. "We are willing to compromise," he said earlier this month, "but we also will not consign the middle class to higher tax bills while millionaires and billionaires avoid all the pain."
Now that Republicans have a serious proposal that would pass the House and would seem to meet the requirements Democrats previously insisted on, Reid won't permit a vote.
One of the touted benefits of "Plan B" is that it only raises taxes for those making $1 million or more. As Eric Cantor said Thursday morning, the plan would raise revenue "without hurting many small businesses" or taxpayers.
But a closer look at the tax impacts of Plan B shows that while it raises taxes on most million-plus earners, it also raises takes for many low-income earners.
The non-partisan Tax Policy Center found that the average taxpayer earning $1 million or more in cash income would see their taxes go up by an average of $72,000. A small number of those million-plus earners will see a tax cut, due to an anomaly in the Alternative Minimum Tax.
But lower income earners will also see a tax hike. People making between $10,000 to $20,000 will see their taxes go up by an average of $262. People making $20,000 to $30,000 will see their taxes go up by $219.
Dirty Harry won't do anything unless the result will make it appear it's the republicans fault. That is all he's done for the last three or four years.
LOL..should I say "Thank you" ?
Just calling it like I see it. Reid has not been involved in these talks.
Once Obama and Boehner agree, old Reid will get his boyz to vote yes.
Harry's just pissed off because Boehner is dealing directly with Obama and not him.
Poor Harry probably feels left out.
A damn good possibility. Would rep you if I could.
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