The U.S. Senate voted 89-8 to approve legislation to avoid the fiscal cliff despite having only 3 minutes to read the 154-page bill and budget score.
Multiple Senate sources have confirmed to CNSNews.com that senators received the bill at approximately 1:36 AM on Jan. 1, 2013 – a mere three minutes before they voted to approve it at 1:39 AM.
The bill is 154-pages and includes several provisions that are unrelated to the fiscal cliff, including repealing a section of ObamaCare, extending the wind-energy tax credit, and a rum tax subsidy deal for Puerto Rican rum makers.
The bill avoids the fiscal cliff by making permanent the Bush tax cuts for individuals making less than $400,000 per year and couples making less than $450,000 and by putting off the automatic spending cuts (sequestration) from last year’s debt ceiling deal until March.
Technically, those Bush tax rates had expired at midnight on Dec. 31, 2012 and the spending cuts were scheduled to take place when the government reopened following the New Year’s Day holiday.
(Source: CNS News)
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5 Responses
Thanks a lot you stinkin demorats & RINOs!!!!
To 2:
Since when are Sen. Tom Coburn of Oklahoma and Sen. Jeff Sessions of Alabama RINOs?
Since when is Paul Ryan a RINO?
I guess that you believe that Reagan was also a RINO … he raised taxed 11 times as President and tripled the nation’s debt!
To 1:
Since when are Sen. Tom Coburn of Oklahoma and Sen. Jeff Sessions of Alabama RINOs?
Since when is Paul Ryan a RINO?
I guess that you believe that Reagan was also a RINO … he raised taxed 11 times as President and tripled the nation’s debt!
Sop for the llbs how much pork chops in the bill?
bz_in_la,
I understand that you being from La la land, isn’t good at history but the issue with Reagan was that he had a deal early on with Tip O’Neil (the democrat speaker of the House) to reduce spending for every dollar of tax increase but O’Neil didn’t keep his end of the deal. After this happened once, Reagan didn’t trust Tipsy ever again.
BTW you really need to get your facts straight but that’s ok, it must be the smog out there. I guess you have no problem with paying almost 80% of your income to the federal govt.