Saturday, December 4, 2010
Republicans block tax cuts for all in Senate: "he bill that would have extended the Bush tax cuts that passed the House on Thursday was defeated in the Senate. Five democrats defected to the republican side to help defeat the measure.In a 53 to 36 vote, mostly down party lines, an extension of the Bush tax cuts on wage earners up to $250,000 a year has been derailed by republicans in the Senate. A vote on a second, similar bill is underway. The main difference is the cut-off point for tax breaks is one million dollars of income per year."