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Posts tagged: tax deal

Senate OKs Tax Bill, Simpson Wary

The Senate-passed tax cut compromise is on its way to the House — with support from Idaho Republicans Mike Crapo and Jim Risch But 2nd Congressional District Rep. Mike Simpson is concerned about the bill’s impact on the deficit, and isn’t sure how he’ll vote. “I’ve got some real concerns with it,” Simpson told the Statesman Wednesday afternoon. Simpson, R-Idaho, said he has not had a chance to read the bill, which passed the Senate today on an 81-19 vote. But he is concerned with some of the add-ons that have found their way into the bill — including subsidies for wind and solar power, ethanol and sports stadiums/Kevin Richert, Idaho Statesman. More here.

Question: Do you agree with the votes by Idaho’s U.S. senators in favor of the Senate-passed tax compromise?

Clinton Backs Obama-GOP Tax Deal

President Barack Obama joins former President Bill Clinton as he speaks in the briefing room of the White House in Washington on Friday. Clinton implored Democrats to back the tax-cut deal that President Barack Obama negotiated with Republicans. MSNBC story here. (AP Photo/J. Scott Applewhite)

Question: Would you rather have Clinton or Obama as president in dealing with the split Congress next year?

Adam: Benefits Extension Wrong

The proposed tax deal is one of those classic bitter pills that we’re presented with in American politics. It’s a classic compromise. Democrats have to swallow the extension of the Bush tax cuts on the wealthiest Americans. Republicans have to agree to a 13-month extension of Unemployment benefits without paying for it. The two parties have agreed to split the difference on the Estate tax, with it coming back in 2011, however at a lower rate and a higher income threshhold. For me, the 13 month extension of Unemployment benefits really is a bit of a bridge too far/Adam’s Blog. More here.

Question: Doesn’t the net benefit of this tax deal seem to be that we’re taking in less money and spending more — a lose-lose proposition?

Senate Dems Upset w/Tax Deal

Several Senate Democrats on Tuesday morning criticized the White House and Republican tax deal, saying that President Barack Obama gave up too much to a recalcitrant opposition party. The initial pushback suggests that the White House will have to woo a handful of reluctant Senate Democrats to back the wide-ranging compromise in order to get the measure over the finish line before the tax cuts expire at year’s end. And as Republicans are poised to gain new power in the House and Senate next year, Democrats are worried that Obama will be eager to leave them behind in order to advance legislation that draws significant GOP backing/Manu Raju, Politico. More here.

Question: Do you support the tax deal between President Obama and congressional Republicans?

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D.F. Oliveria is a columnist and blogger for The Spokesman-Review. Print Huckleberries is a past winner of the Herb Caen Memorial Column contest by the National Association of Newspaper Columnists. The Readership Institute of Northwestern University cited this blog as a good example of online community journalism.

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