House Democrats Reject Obama Tax Cut Deal In Non-Binding Vote, Demand Changes
Thursday, December 9, 2010
Last week it was $700 billion just for the tax cuts to the rich.
Last week it didn't have several of the 'goodies' for billionair
For example, it establishe
And it eliminates the 'Making Work Pay'-tax credit, which was developed as part of a broad plan to stimulate the economy without breaking the bank. The tax credit will be replaced by a far more expensive (and more fiscally unsound) two percentage point reduction in the payroll tax that paves the way for the ending of Social Security.
The Obama deal is about $900 billion, and expected (by the time it got some last minute goodies to sweeten the deal to get the bare minimum necessary to pass it) to go over $1 Trillion.
If Obama isn't barn-storm
Read the Article at HuffingtonPost
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