Bunning's amendment, which failed with only 43 votes in support, called for the $10 billion package of temporary extensions to be offset with the end of a lucrative tax credit for paper companies on a wood byproduct called "black liquor."
After that vote, senators immediately approved the extensions bill, 78 to 19.
To pay for additions and enhancements included in President Obama’s health care plan, the White House would rely on something called black liquor. But it has nothing to do with whiskey or responsible alcohol consumption. Black liquor is wood byproduct that can be turned into fuel, and for years pulp and paper companies have burned it to power their plants — while also claiming a biofuel tax credit that was never intended for them.
Rescinding the black liquor tax credit could generate as much as $24 billion in revenue over 10 years, helping to pay for a chunk of the health care legislation.
[...]
At one point in the fall, Senate Democrats swiped a revenue-raiser that House Democrats had included in their health care legislation: a delay in a tax code change, which would result in multinational corporations’ paying $26.1 billion in taxes over 10 years that they would otherwise be spared. The Senate Democrats decided to use that tax revenue to help pay for legislation to extend unemployment benefits and a popular tax credit for first-time homebuyers.
That left House Democrats with a gap in paying for their health legislation. How did they fill it?
You guessed it: black liquor. Bottoms-up!
The Senate health care legislation, on the other hand, had a somewhat smaller price tag than the House version. So Senate Democrats did not need black liquor for their proposal.
Mr. Obama’s version of the health care legislation is expected to cost about $950 billion over 10 years, or about $79 billion more than the Senate bill. And to make sure that the legislation is fully paid for, the White House said it would include an idea in the House bill: ending the bio-fuel tax credit for black liquor.
Among many complaints about the Democrats’ legislation, some Republicans have warned that Democrats are using most of the available revenue-raising ideas to pay for the health care legislation, rather than reducing the deficit.
Quote by Scoopster:
Morning all!![]()
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So let me get this straight here.. Senate Dems shifted around some of the cost-balancing in their HCR bill, leaving a gap for the House Dems to fill. The House Dems then decided to fill that gap by removing this biofuel subsidy.
But Bunning decided to be an asshole by having the subsidy ended separately from the HCR bill - which would have pre-empted the House Dems action and caused them to look elsewhere for funding.
That sound about right?
Quote by wickedpam:
its amazing all the "business oweners" that call in this show
hey asshat if your taxes went up you make more the 250K so cry me an f-ing river
Quote by Raine:Not for nothing, but I am not sure how a business owner gets a paycheck... I am sure they do in one respect or another, but that guy said he gets a paycheck as tho he was an employee.
Quote by Raine:
Maybe I will call. I have not called in a long time. I kinda miss Rebekah![]()
Quote by Scoopster:Quote by Raine:Not for nothing, but I am not sure how a business owner gets a paycheck... I am sure they do in one respect or another, but that guy said he gets a paycheck as tho he was an employee.
I have a little bit if understanding on this.. basically the owner of a company can draw a paycheck as if he were an employee, but he doesn't really have to. This is especially true in the case of a small business (S-Corp) since the business itself is essentially considered an asset of an individual for tax purposes.
BTW this is kinda where I understand the whole outcry over taxes being raised on those who make more than $250k a year. Most small businesses will easily pull in that much gross income in a given year, however not all of them end up with a balance sheet showing that much of a profit. Now I'm not 100% sure, but I think the problem is that they have to pay taxes based on the gross income.
Independent Senator Joseph Lieberman of Connecticut on Wednesday will introduce the Senate’s first “don’t ask, don’t tell” repeal bill along with eleven Democratic cosponsors including Sen. Carl Levin of Michigan, who chairs the Senate Armed Services Committee, but no Republicans.
“To me, it’s very important that we repeal this law, both because it’s fair and consistent with basic American values of equal opportunity,” Lieberman told The Advocate, “but also because it’s a very positive step for the military to take in terms of military effectiveness and readiness.”
Quote by Raine:
Maybe I will call. I have not called in a long time. I kinda miss Rebekah![]()
Quote by Mondobubba:
Morning all. Off to a job interview in a bit. Nice blog today Bob. Just one tiny item, the name of the South American country hit by the earthquake is Chile, not Chili. Chili is meat stew made with ground beef, beans etc.
Quote by Mondobubba:
Morning all. Off to a job interview in a bit. Nice blog today Bob. Just one tiny item, the name of the South American country hit by the earthquake is Chile, not Chili. Chili is meat stew made with ground beef, beans etc.
The “No-Stroller” Movement: Who can forget the bartender at Patio, a bar on Park Slope’s Fifth Avenue, who wrote in 2005 the infamous “Stroller Manifesto” on an A-frame sandwich board? “What is it with people bringing their kids into bars?” wrote bartender Andy Heidel back in 2006. “A bar is a place for adults to kick back and relax. How can you do that with a toddler running around?” This incident marked the beginning of the baby backlash. Non-breeders (another term that emerged in the O’s) were sick and tired of parents — and kids — being the center of attention. And who can blame them?
Quote by BobR:Quote by Raine:
Maybe I will call. I have not called in a long time. I kinda miss Rebekah![]()
"Hello - we have Raine from ... DC?"
Quote by BobR:Quote by Mondobubba:
Morning all. Off to a job interview in a bit. Nice blog today Bob. Just one tiny item, the name of the South American country hit by the earthquake is Chile, not Chili. Chili is meat stew made with ground beef, beans etc.
D'OH!![]()
Thanks...![]()
Quote by Raine:
Brooklyn is crazy wonderful...The “No-Stroller” Movement: Who can forget the bartender at Patio, a bar on Park Slope’s Fifth Avenue, who wrote in 2005 the infamous “Stroller Manifesto” on an A-frame sandwich board? “What is it with people bringing their kids into bars?” wrote bartender Andy Heidel back in 2006. “A bar is a place for adults to kick back and relax. How can you do that with a toddler running around?” This incident marked the beginning of the baby backlash. Non-breeders (another term that emerged in the O’s) were sick and tired of parents — and kids — being the center of attention. And who can blame them?
Quote by Mondobubba:Quote by BobR:Quote by Mondobubba:
Morning all. Off to a job interview in a bit. Nice blog today Bob. Just one tiny item, the name of the South American country hit by the earthquake is Chile, not Chili. Chili is meat stew made with ground beef, beans etc.
D'OH!![]()
Thanks...![]()
Spell check said it was right? The way I remember it is this: the country is chil-lay, the tasty dish is chil-lee. stupid I know, but it works for me.
Quote by Raine:
Good thing this gluttonous person has convinced half of America that he speaks for the middle class...
Rush Limbaugh's Gaudy Fifth Avenue Penthouse Is Now For Sale
******* WARNING ********
There is a bathtub shot in there.
Quote by Raine:Spell check doesn't do definitions, the spelling was correct.Quote by Mondobubba:Quote by BobR:Quote by Mondobubba:
Morning all. Off to a job interview in a bit. Nice blog today Bob. Just one tiny item, the name of the South American country hit by the earthquake is Chile, not Chili. Chili is meat stew made with ground beef, beans etc.
D'OH!![]()
Thanks...![]()
Spell check said it was right? The way I remember it is this: the country is chil-lay, the tasty dish is chil-lee. stupid I know, but it works for me.
I think Bobber knew the difference, and it was a simple mistake that is fixed,
Janet Napolitano broke her ankle playing tennis. Whoever she was playing against should be in charge of terrorist interrogations
Quote by Raine:
Good thing this gluttonous person has convinced half of America that he speaks for the middle class...
Rush Limbaugh's Gaudy Fifth Avenue Penthouse Is Now For Sale
******* WARNING ********
There is a bathtub shot in there.
Wild liberal Florida Congressman Alan Grayson just announced via Twitter that he'll face off with wild conservative Rep. Michele Bachmann of Minnesota on Larry King Live tonight at 9.
The topic: health care reform. "Are you ready for some great TV?" Grayson asks.
Quote by Mondobubba:Quote by Raine:
Good thing this gluttonous person has convinced half of America that he speaks for the middle class...
Rush Limbaugh's Gaudy Fifth Avenue Penthouse Is Now For Sale
******* WARNING ********
There is a bathtub shot in there.
Oh my god. That is horrific! I agree with Mala. What is with the awful murals everywhere? Where is the hoist to haul his fat ass outta the tub?
Quote by Mondobubba:Quote by Raine:Spell check doesn't do definitions, the spelling was correct.Quote by Mondobubba:Quote by BobR:Quote by Mondobubba:
Morning all. Off to a job interview in a bit. Nice blog today Bob. Just one tiny item, the name of the South American country hit by the earthquake is Chile, not Chili. Chili is meat stew made with ground beef, beans etc.
D'OH!![]()
Thanks...![]()
Spell check said it was right? The way I remember it is this: the country is chil-lay, the tasty dish is chil-lee. stupid I know, but it works for me.
I think Bobber knew the difference, and it was a simple mistake that is fixed,
Yeah I know, Raine. I was just pointing out the limitations of spellcheck.
Quote by Raine:
Hey Mondo, how did the interview go?
Quote by BobR:Quote by Mondobubba:Quote by Raine:Spell check doesn't do definitions, the spelling was correct.Quote by Mondobubba:Quote by BobR:Quote by Mondobubba:
Morning all. Off to a job interview in a bit. Nice blog today Bob. Just one tiny item, the name of the South American country hit by the earthquake is Chile, not Chili. Chili is meat stew made with ground beef, beans etc.
D'OH!![]()
Thanks...![]()
Spell check said it was right? The way I remember it is this: the country is chil-lay, the tasty dish is chil-lee. stupid I know, but it works for me.
I think Bobber knew the difference, and it was a simple mistake that is fixed,
Yeah I know, Raine. I was just pointing out the limitations of spellcheck.
SUUURRRE you were...![]()
Quote by Raine:
must see TV tonite!Wild liberal Florida Congressman Alan Grayson just announced via Twitter that he'll face off with wild conservative Rep. Michele Bachmann of Minnesota on Larry King Live tonight at 9.
The topic: health care reform. "Are you ready for some great TV?" Grayson asks.
Quote by TriSec:
Howdy folks.
Jim Bunning is a dick.
Quote by Raine:
Good thing this gluttonous person has convinced half of America that he speaks for the middle class...
Rush Limbaugh's Gaudy Fifth Avenue Penthouse Is Now For Sale
******* WARNING ********
There is a bathtub shot in there.
Quote by Mondobubba:Quote by BobR:Quote by Mondobubba:Quote by Raine:Spell check doesn't do definitions, the spelling was correct.Quote by Mondobubba:Quote by BobR:Quote by Mondobubba:
Morning all. Off to a job interview in a bit. Nice blog today Bob. Just one tiny item, the name of the South American country hit by the earthquake is Chile, not Chili. Chili is meat stew made with ground beef, beans etc.
D'OH!![]()
Thanks...![]()
Spell check said it was right? The way I remember it is this: the country is chil-lay, the tasty dish is chil-lee. stupid I know, but it works for me.
I think Bobber knew the difference, and it was a simple mistake that is fixed,
Yeah I know, Raine. I was just pointing out the limitations of spellcheck.
SUUURRRE you were...![]()
Seriously, I was commenting on the limitations of spell check. I have a love-hate relationship with spell check. As a lousy speller I love when I see the red squiggly line under a word, however when you click on it and it gives you these wildly weird correct "spellings" then not so much. I especially dislike that the spell check on the iPhone. It is condescending as hell; I type the word "hell" in and it changes it to "he'll." WTF Jobs? Really swearing isn't allowed with the iPhone?
Quote by Raine:
Wondering if anyone can help me, either yesterday or Monday, Momma was reading from an article about the changes that will happen if there is NO HCR -- does anyone remember where that article came from?
She never tweeted it, and I don't see it up on the Steph site.
Quote by TriSec:
Passing through before heading home.
Don't know about the rest of the country, but the fine folks that make Lipitor seem to be in the middle of an ad blitz in the Boston market.
"See our ad in Cooking Light" magazine".
Ummm...wouldn't it make more sense for some ad placement in "Meat of the Month" or something?
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