Wednesday’s development places the onus of avoiding the full expiration of the Bush tax cuts on House Republicans. They are expected to pass legislation next week to extend all of the Bush tax cuts — but the Senate has already rejected that proposition. That leaves the Senate Democrats’ bill as the only viable vehicle for preventing everyone’s taxes from increasing next year.
Republicans will object to House adoption of the Senate bill on technical grounds. It faces what’s known as a blue-slip problem, because the Constitution requires revenue-raising measures to originate in the House of Representatives. But the blue-slip problem is only an obstacle if House Republicans insist on making it one — and Democrats are confident voters will be receptive to the argument that the GOP is standing in the way of middle-income tax cuts until wealthy Americans get a tax cut too.
"We owe it to the American people to let them know whether we actually think it is a good idea to double down on the failed economic policies of the past few years or whether we support a new approach," McConnell said before the vote. "By setting these votes at a 50-vote threshold, nobody on the other side can hide behind a procedural vote while leaving their views on the actual bill itself a mystery."
The Senate vote was by a rare simple majority, which Sen. Chuck Schumer (D-N.Y.) said McConnell allowed because it was the only way he would get a vote on the GOP plan, and his caucus didn't want to be stuck only voting "no" on the Democratic plan.
Schumer suggested the political reality of needing to back the middle class would prompt action by House Speaker John Boehner (R-Ohio).
"I am sure that Speaker Boehner does not appreciate the uncomfortable position that Sen. McConnell has put him in," Schumer said. "The speaker knows that if he puts this bill on the floor, his members will have trouble voting against it."
Schumer argued that Congress has already passed two revenue bills that started in the Senate -- the recent highway and Federal Aviation Administration bills.
Under the Democratic measure, individuals earning over $200,000 and couples making at least $250,000 would see their top rates on those earnings rise from 33 percent and 35 percent today to 36 percent and 39.6 percent in January.
That increase would affect 2.5 million households, or 2 percent of all 140.5 million tax returns, according to 2009 Internal Revenue Service statistics.
The White House said that if the tax cuts were not continued, middle class families would face average tax increases next year of $1,600. It also said that the GOP bill would grant tax reductions averaging $160,000 to households where income exceeds $1 million annually.
The Democratic bill would also boost the top tax rate paid by people who inherit estates to 55 percent, exempting the first $1 million in an estate’s value. The GOP measure would maintain today’s 35 percent top rate and would not tax the first $5.12 million of an estate’s value.(snip)
In fresh figures released this week by Republicans, Congress’ nonpartisan Joint Committee on Taxation estimated that the Democratic provision would affect 55,200 estates next year, compared with 3,600 who would face estate taxes under the GOP plan.
Democrats would impose top tax rates next year of 20 percent on dividends and capital gains, two sources of income enjoyed disproportionately by the wealthy. The GOP top rate would be 15 percent.
The GOP bill ignores some tax credits for low- and middle-income families that Democrats want to extend for college costs; for some low-income couples and large working families; and for families with children.
"The last thing a typical middle-class family can afford is a $2,200 tax hike at the beginning of next year. It’s time for House Republicans to drop their demand for another $1 trillion giveaway to the wealthiest Americans and give our families and small businesses the financial security and certainty that they need. Our economy isn’t built from the top-down, it’s built from a strong and growing middle class, and that’s who we should be fighting for."
However, Mr Romney will receive a lukewarm reception in London. He met Tony Blair on Thursday morning at the former prime minister's London office and also held brief talks with Ed Miliband, the Labour leader.
In a gaffe of his own, Mr Romney referred to Mr Miliband as "Mr Leader".
“Like you Mr Leader I look forward to our conversations this morning and I have had a number of conversations with leaders both present and past and recognise of course the unique relationship that exists between our nations,†he said. (snip)
Later on Thursday, Mr Romney is planning to hold a fundraiser at the Mandarin Oriental hotel in Knightsbridge. One of the hosts of the fundraiser, former Barclays CEO Bob Diamond, withdrew from the event after he resigned in the wake of the Libor scandal.
Quote by Raine:
In other news... Mittens isn't Sure if London is prepared for the Olympics, and questions their enthusiasm.
There is also a few little snausages towards the end of the article:However, Mr Romney will receive a lukewarm reception in London. He met Tony Blair on Thursday morning at the former prime minister's London office and also held brief talks with Ed Miliband, the Labour leader.
In a gaffe of his own, Mr Romney referred to Mr Miliband as "Mr Leader".
“Like you Mr Leader I look forward to our conversations this morning and I have had a number of conversations with leaders both present and past and recognise of course the unique relationship that exists between our nations,†he said. (snip)
Later on Thursday, Mr Romney is planning to hold a fundraiser at the Mandarin Oriental hotel in Knightsbridge. One of the hosts of the fundraiser, former Barclays CEO Bob Diamond, withdrew from the event after he resigned in the wake of the Libor scandal.
Quote by Mondobubba:
Stay away from the banjo playing albinos and the snake handlers, Mala.
Quote by wickedpam:Quote by Mondobubba:
Stay away from the banjo playing albinos and the snake handlers, Mala.
don't think they let them into the casino
Quote by Mondobubba:
I'm reading an article on the Alternet that has "brutal murder" in the headline. Isn't murder by definition brutal? Is this somewhat oxymoronic? Discuss!
Quote by TriSec:Quote by Mondobubba:
I'm reading an article on the Alternet that has "brutal murder" in the headline. Isn't murder by definition brutal? Is this somewhat oxymoronic? Discuss!
I have long had this discussion with Mrs. TriSec, who is a Master of Criminal Justice by training.
Dead is dead - how can you have "degrees" of murder? If I shoot someone in the head after hunting him down in the street, or if I drink too much and wipe out a family of four on the way home, they're still the same "degree" of dead, aren't they?
Quote by Mondobubba:Quote by TriSec:Quote by Mondobubba:
I'm reading an article on the Alternet that has "brutal murder" in the headline. Isn't murder by definition brutal? Is this somewhat oxymoronic? Discuss!
I have long had this discussion with Mrs. TriSec, who is a Master of Criminal Justice by training.
Dead is dead - how can you have "degrees" of murder? If I shoot someone in the head after hunting him down in the street, or if I drink too much and wipe out a family of four on the way home, they're still the same "degree" of dead, aren't they?
I get the 1st degree, 2nd degree thing. Those are legal things involving premeditation, motive and state mind. But yeah, dead is dead. Is it lest brutal to stab someone than to shoot him? Choke vs stab?
Quote by Raine:I would say murdering by a sleeping pill is less brutal than strangling.Quote by Mondobubba:Quote by TriSec:Quote by Mondobubba:
I'm reading an article on the Alternet that has "brutal murder" in the headline. Isn't murder by definition brutal? Is this somewhat oxymoronic? Discuss!
I have long had this discussion with Mrs. TriSec, who is a Master of Criminal Justice by training.
Dead is dead - how can you have "degrees" of murder? If I shoot someone in the head after hunting him down in the street, or if I drink too much and wipe out a family of four on the way home, they're still the same "degree" of dead, aren't they?
I get the 1st degree, 2nd degree thing. Those are legal things involving premeditation, motive and state mind. But yeah, dead is dead. Is it lest brutal to stab someone than to shoot him? Choke vs stab?
J & W Cycles of Missouri was awarded $25,808 in contracts from the DOD and Department of Interior.
Quote by Raine:
Romney’s ‘We Did Build This’ Events, built on a lie in order to tell more lies.J & W Cycles of Missouri was awarded $25,808 in contracts from the DOD and Department of Interior.
Mitt Romney isn't just applying strawman arguments in this campaign, he as created a fictional PERSON to strawman against. It is a double fallacy that he is campaigning upon. He's created a fictitious person, set up a straw man to debate against in order to argue about what doesn't really exist. Why? President Obama presents a strong argument with facts that support his positions. As thus, the person who set's up a strawman debate is ultimately the weaker of the two in the discussion. Mitt Romney is that person in this case, it appears.
Quote by BobR:
Regarding the blog, I suppose it's still possible for House Republicans to write their own bill, pass it, and send it over to the Senate.
Quote by Mondobubba:Quote by BobR:
Regarding the blog, I suppose it's still possible for House Republicans to write their own bill, pass it, and send it over to the Senate.
Oh they will. And it will be a steaming pile of fresh cow manure.
Quote by Raine:The Senate GOP couldnt even pass their own bill. I doubt the House GOP has anything.Quote by Mondobubba:Quote by BobR:
Regarding the blog, I suppose it's still possible for House Republicans to write their own bill, pass it, and send it over to the Senate.
Oh they will. And it will be a steaming pile of fresh cow manure.
Cameron hit back at Romney, saying that perhaps the Utah Winter Olympics were easier to assemble, given that they were not being staged in a metropolis like London.
“We are holding an Olympic Games in one of the busiest, most active, bustling cities anywhere in the world. Of course it’s easier if you hold an Olympic Games in the middle of nowhere.â€
Cameron went on to say, “I think we will show the whole world not just that we come together as a United Kingdom but also we’re extremely good at welcoming people from across the world. I will obviously make those points to Mitt Romney. I look forward to meeting him.â€
Quote by Raine:The Senate GOP couldnt even pass their own bill. I doubt the House GOP has anything.Quote by Mondobubba:Quote by BobR:
Regarding the blog, I suppose it's still possible for House Republicans to write their own bill, pass it, and send it over to the Senate.
Oh they will. And it will be a steaming pile of fresh cow manure.
Quote by livingonli:
BTW, Tri, I put the Blue Jays telecast on my DirecTV telecast and they were running a spot promoting Toronto's observation of the 200th anniversary of the War of 1812 which seems to have a different take than the one we would have.
Quote by TriSec:
And in other news, I met with the surgeon today. He inspected my wound, reviewed the findings (again), gave me the lab reports, and alas....cleared me for chemotherapy. So I will be starting that on 07/31.
I'm also cleared to go back to work after that, as soon as I am able. (Depending on my reaction to the therapy, of course.)
Quote by Mondobubba:
Becuase the blog needs more quantum mechanics, Straight Dope and epic poetry.
Quote by Mondobubba:Quote by wickedpam:Quote by Mondobubba:
Stay away from the banjo playing albinos and the snake handlers, Mala.
don't think they let them into the casino
As long as they are playing banjos or hold snakes, sure come on in!
Quote by wickedpam:Quote by Mondobubba:Quote by wickedpam:Quote by Mondobubba:
Stay away from the banjo playing albinos and the snake handlers, Mala.
don't think they let them into the casino
As long as they are playing banjos or hold snakes, sure come on in!
maybe they'll be the entertainment on Sat night
All checked in an comfy in the room - thank gawd its only like a hour from the house
Did you know that Hampton Inn is an trying to be an ecofriendly hotel chain? I didn't until we got here :D
Quote by BobR:Quote by Mondobubba:
Becuase the blog needs more quantum mechanics, Straight Dope and epic poetry.
brilliant!
Quote by Mondobubba:Quote by wickedpam:Quote by Mondobubba:Quote by wickedpam:Quote by Mondobubba:
Stay away from the banjo playing albinos and the snake handlers, Mala.
don't think they let them into the casino
As long as they are playing banjos or hold snakes, sure come on in!
maybe they'll be the entertainment on Sat night
All checked in an comfy in the room - thank gawd its only like a hour from the house
Did you know that Hampton Inn is an trying to be an ecofriendly hotel chain? I didn't until we got here :D
Eco friendly covers a lot of things. One of them being we are gonna give you new towels every day unless you make a stink.
Quote by Mondobubba:Quote by BobR:Quote by Mondobubba:
Becuase the blog needs more quantum mechanics, Straight Dope and epic poetry.
brilliant!
It is my favorite all time Straight Dope column. It rules! Oh we need a Schrodinger's Cat emoticon.
Quote by wickedpam:Quote by Mondobubba:Quote by BobR:Quote by Mondobubba:
Becuase the blog needs more quantum mechanics, Straight Dope and epic poetry.
brilliant!
It is my favorite all time Straight Dope column. It rules! Oh we need a Schrodinger's Cat emoticon.
how do you even begin to create a Schrodinger's Cat emoticon?
Quote by Raine:
Romney hath made a supreme asshole of himself in London.
#RomneyShambles is trending on twitter...
Quote by Mondobubba:Quote by Raine:
Romney hath made a supreme asshole of himself in London.
#RomneyShambles is trending on twitter...
You know, the leadership of the GOP should have looked at the famous Who Let the Dogs Out video. This would have told them what was going to happen.
The Olympics parody ad targeted at Mitt Romney created by the pro-Obama super PAC Priorities USA won’t run during the Olympics as planned, after the International Olympics Committee ordered it taken down from YouTube for copyright reasons.
The super PAC says it’s happy to remove the spot because it means Romney and his supporters won’t be able to use any Olympics footage in their ads, either.
“Once we were assured that Mitt Romney and his allies would be held to the same standard, we were glad to take the ad down from our website,†said PrioritiesUSA’s Bill Burton. “Go Team USA!â€
Two of Mitt Romney’s top surrogates told reporters Thursday the Romney campaign’s not worried about the torrent of negative press surrounding Romney’s visit to London. Americans don’t care about foreign press, they said.
Louisiana Gov. Bobby Jindal and Virginia Gov. Bob McDonnell — both rumored to be potential vice presidential choices for Romney — defended Romney from the embarrassing headlines in London on a press call set up by the Romney campaign.
Jindal and McDonnell were trying to highlight continuing efforts to turn President Obama’s out-of-context “you didn’t build that†quote into a Republican rallying cry.
They insisted the multiple Romney blunders in England won’t ultimately do any damage to his campaign.
Quote by Raine:
Romney hath made a supreme asshole of himself in London.
#RomneyShambles is trending on twitter...
Quote by TriSec:
Hey folks.
Slight change in plans; I went back to the hospital this afternoon for a blood draw.
I'm going back in Monday morning to have my device implanted, then I'm going straight upstairs for the first treatment.
I have no idea what it might do to me, but being a lumbering old cuss, I will plan on rising Tuesday am to post AAV as always. However, I'd appreciate somebody keeping an eye on the hard deck and posting a stub if no blog has appeared by 9am.
I'll post this again tomorrow during the meat of the day when more folks will see it.