http://www.publicbroadcasting.net/ncpr/news.newsmain/article/0/13/1733507/Top.Stories/Senate.bid.to.renew.'middle.class'.tax.cuts.failsSenate bid to renew "middle class" tax cuts fails(2010-12-04)
U.S. Senator Charles Schumer (D-NY) celebrates his re-election victory at a rally in New York
(REUTERS) -
By Kim Dixon
WASHINGTON (Reuters) - Democratic measures to extend tax cuts for most Americans, but not additional low rates for the wealthiest, failed in the Senate on Saturday, as Republicans and some Democrats blocked the plans.
The two Democratic plans to renew low tax rates for individual income up to $200,000 and up to $1 million both failed in procedural votes, as Republicans argued that low tax rates for the wealthiest should also be extended.
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"The American people don't want a political dog and pony show," Republican Senator Charles Grassley said. "The bottom line is this: Stop the tax hikes."
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I seriously want to know how Grassley can justify adding 700B to the deficit as serving Iowans. I am so angry about this. I suppose he thinks he can bamboozle us all into confusing tax cuts for the top 2% with tax cuts for the majority of Iowans.
UGH>