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Harkin blasts fellow Democrats: ‘No deal is better’ than this ‘very bad deal’
As the deadline to stop automatic spending cuts and tax increases trigger nears, Sen. Tom Harkin (D-IA) took to the Senate floor on Monday to decry the current deal, saying “no deal is better” than the one currently on the table. Harkin said he was “disturbed” to read a report…
Lindsey Graham: ‘Stupid’ to let tax cuts for wealthy expire
South Carolina Republican Sen. Lindsey Graham on Sunday said President Barack Obama’s plan to let tax cuts for the wealthiest Americans expire was “stupid.” During an interview on CNN, host Candy Crowley asked Graham if he would be willing to raise taxes on the middle class if Democrats refused to…
GOP-led House votes to extend all Bush-era tax cuts
WASHINGTON — Defying US President Barack Obama, the Republican-held House voted to extend tax cuts for all Americans, framing a partisan divide over an issue that will not be resolved before November’s election. House lawmakers on Wednesday rejected a substitute Democratic plan that would have let taxes rise for top…
House GOP trying to fast-track tax cut bill for wealthy and corporations
The Republican majority in the U.S. House of Representatives have introduced a bill designed to turn back the Senate Democrats’ victory earlier this week on Bush-era tax cuts by extending tax cuts for the wealthy and making it harder to modify tax law. According to Think Progress, if the new…
Senate votes against Bush tax cuts for the wealthy
WASHINGTON — The US Senate approved a Democratic plan Wednesday to extend expiring tax breaks for all but the wealthiest Americans, though the measure will not resolve the country’s looming fiscal impasse. Republicans want the Bush-era tax cuts extended for all, arguing that Congress should not raise taxes on anyone…
WATCH LIVE: Obama talks about middle-class tax cuts in Iowa
A day after introducing his plan to extend middle-class Bush-era tax cuts for a year, President Barack Obama speaks at Kirkwood Community College in Cedar Rapids, Iowa to promote the plan. Watch live, broadcast on MSNBC on July 10. Visit msnbc.com for breaking news, world news, and news about the…
Congress leaders spar, Boehner rejects tax vote
WASHINGTON — US congressional leaders foreshadowed an election-year tax battle Thursday as House Speaker John Boehner nixed a Democrat proposal to vote on extending tax cuts for Americans earning under $1 million per year. Under a proposal laid out last week in a letter to Boehner, Minority Leader Nancy Pelosi…
Pelosi challenges Boehner to vote on middle-class tax cuts
House Minority Leader Nancy Pelosi (D-CA) on Sunday challenged House Speaker John Boehner (R-OH) to bring middle-class tax credits up for an immediate vote to prove they wouldn’t be “held hostage” to tax cuts for the rich. “I challenge the Speaker right now to bring the middle income tax cuts…
Report: Tax breaks can reduce economic growth
Cutting taxes is not an effective way to increase economic growth, according to a report released Thursday by The Hamilton Project. “This report reinforces the wake-up call we have been issuing about the Republican tax proposals that – in the name of tax reform – would lead to additional tax…
Bush: ‘I wish they weren’t called the Bush tax cuts’
Former President George W. Bush made a rare public appearance Tuesday morning, expressing regret that his name is attached to one of the largest tax cuts in U.S. history. According to Forbes, Bush spoke at his Institute Conference on Taxes and Economic Growth in New York City, claiming his continued…
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