Senate Passes $350 Billion Bush Tax Cut

AP | By MARY DALRYMPLE

[Aaron0617]

Wait a minute. These African countries will have $300 each for reduced price AIDs drugs but not have money for food?

If they don't have the money who will pay for all that?

[BOBWADE]

"John Breaux, D-La., failed in his attempt to repeal a tax increase on Americans working abroad. Those workers would no longer be able to exclude the first $80,000 of their foreign income from U.S. taxes, but they could claim a credit against any foreign taxes paid." Waaah! looks like the union salaried guys that work overseas may have an interest in tax reform down the road.

[Jesse]

BFD. Temporary dividend cut. The feds are slated to spend 28 trillion dollars in the next decade, and this is just what is projected. Given the rate the GOP is increasing spending, will probably be more. Yet the lords of the Senate have decided the peasants can keep a fraction of the shekels for our use.

Republican party is a party of whores and liars. Just like the dems were 40 years ago...just haven't had the experience yet of screwing us over, but I will say, they catch on quick.

[Jesse]

"If they don't have the money who will pay for all that?"

That's a rhetorical question, right?

Dig deep into your pocket.

[aruanan]

The Senate revived the backbone of President Bush's formula for stimulating a laggard economy Thursday, narrowly passing a $350 billion package of tax cuts that would suspend all taxes on stock dividends for three years.

What good is a backbone if it's been trimmed of its arms, legs, and vital organs (well, except maybe as a donated organ for the French)?

[breakem]

Had to leave, he's being fitted for a flight suit.

[RandallFlagg]

I'm with ya, Rose. They should be removed from their seats for abandonment and have to return their salaries to the taxpayers for not doing their jobs.

[aruanan]

Waaah! looks like the union salaried guys that work overseas may have an interest in tax reform down the road.

No, Bob. Not union-salaried guys. It's talking about foreign* income, not income earned in a U.S. based union job while working in a foreign country.

*Those workers would no longer be able to exclude the first $80,000 of their foreign income from U.S. taxes, but they could claim a credit against any foreign taxes paid.

[fortheDeclaration]

Do not be to sure the democrats got away with it!

I believe the Gov. is going to call a special session.

[marajade]

I can tell you for sure he isn't representing those who sent him there...

[Mo1]

Barb Boxer is up and complaining the she has to stay there so late and is blaming it on the President Schedule

[Republican Wildcat]

Yes--the Democrats are turning this into a circus. I wish I had gotten it on tape earlier where Senator Byrd was going on and on about how long things were taking--carrying this for 10 full minutes, then, after all of this, asking for a leave of absence.

Boxer, one of the staunchest advocates of abortion in the Senate, now claims to care about children.

[CyberAnt]

This means, when they consolidate both of the bills, we'll probably end up with 425-440; maybe.

The bigger it is, the better chance I'll have of finding a job.

[MJY1288]

LOL, I heard her and I all I have to say is..... watching these RATS implode is a beautiful thing to witness

[Mo1]

LOL .. yes it is

[Mo1]

Boxer, one of the staunchest advocates of abortion in the Senate, now claims to care about children.

Amazing isn't it

[Clinging Bitterly]

>> Senate Passes $350 Billion Bush Tax Cut

Nope.
This is the Senate's own tax cut. Bush's was much larger.

[BOBWADE]

I thought it was addressing the untaxed foreign employment. My very liberal friend at work says her father in law works in the mid east for big bucks and doesn't have to pay US taxes. He is either in a union or just pro union and I guess I just assumed that he had some special tax break because of a sweetheart dema-deal.

[Republican Wildcat]

Her amendment goes down to defeat. Oh, darn. :-)

[Lancey Howard]

I just listened to the roll call vote on some Kennedy amendment and McCain was (I am fairly certain) the only Republican who voted with the Democrats. It is a truly pathetic situation.

I smell this guy heading across the aisle (officially) sooner than anyone can imagine. I can just smell it.