Not happy with government? Names of Terrorists Living in America
The rich making slaves out of Americans. Below is a list of names of Terrorists that supported this Bill.
WASHINGTON — The Senate Wednesday overwhelmingly passed a sweeping tax package that would save millions of Americans thousands of dollars in higher taxes while also reducing their Social Security taxes and extending jobless benefits.
President Barack Obama swiftly urged the House to pass the $858 billion bill without changes, a slap at Democratic liberals eager to toughen a part of the measure that permits up to $10 million to pass to heirs estate tax-free.
A wide array of tax cuts enacted under President George W. Bush is scheduled to expire on Jan. 1 – just two weeks away – affecting taxpayers at every income level. The bill passed by the Senate, 81-19.
"Middle class families need a boost in this economy, and that is exactly what this plan gives them," said Senate Majority Leader Harry Reid, D-Nev. "It is not perfect, but it will create 2 million jobs, cut taxes for middle class families and small businesses, and ensure that Americans who are still looking for work will continue to have the safety net they rely on to make ends meet." A same tax cut that has been in effect for 9 years from the Bush administration, seems to be making the country LOOSE jobs instead of create.
The bill would extend expiring tax cuts at every income level. It also would renew a program of jobless benefits for the long-term unemployed that is due to lapse, and enact a one-year cut in Social Security taxes. The bill's cost, $858 billion, would be added to the deficit.
"Opposing this bill is tantamount to supporting massive tax increases that threatens our economic future," said Sen. Orrin Hatch, R-Utah. "Allowing middle-class families, small businesses and investors to keep more of what they earn, while denying Washington hundreds of billions in new tax revenue to spend, is the right thing to do."
Other Senate Republicans, however, balked at the price tag, noting that Obama's deficit commission recently outlined the massive fiscal problems facing the nation.
"The American people are going to be looking, and they're going to say, does the Senate get it? Do they understand the severity and the urgency of the problems that face our fiscal future?" Sen. Tom Coburn, R-Okla., said Wednesday.
At the insistence of Republicans, the plan includes a more generous estate tax provision: The first $10 million of a couple's estate could pass to heirs without taxation. The balance would be subject to a 35 percent tax rate.
The lower estate tax infuriated some Democrats who were already unhappy with Obama for agreeing to extend tax cuts for individuals making more than $200,000 and couples making more than $250,000.http://www.huffingtonpost.com/2010/12/1 ... 97164.html