December 13, 2010


Democrats Resigned to Tax Bill Passage

"After a chilly initial reception from Democrats, the White House appears to have garnered enough bipartisan support to secure the $858 billion bill's safe passage through a turbulent Congress," Time reports.

The Senate will vote today and Democratic leaders in both houses signaled that their caucuses "were prepared to swallow the accord's unpalatable provisions to safeguard the middle class and cushion the economy."

Meanwhile, House Speaker Nancy Pelosi "is walking a perilous path in the debate over President Obama's tax plan, letting angry Democrats vent their frustration while also preserving the plan's chance of passage," the Wall Street Journal reports.

The Washington Post highlights the biggest problem Democrats have with the bill: "One part of the tax deal between President Obama and congressional Republicans stands out because it would make the tax code even more generous to the wealthy than it was during the Bush era: the estate tax."










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