Posted on 01/01/2013 4:46:22 PM PST by SeekAndFind
Last-minute efforts to step back from the fiscal cliff ran into trouble on Tuesday as Republicans in the House of Representatives balked at a deal that would prevent Washington from pushing the world's biggest economy into a recession.
House Republicans complained that a bill passed by the Senate in a late-night show of unity to prevent a budget crisis contained tax hikes for the wealthiest Americans but no spending cuts. Some conservatives sought to change the bill to add cuts.
That would set up a high-stakes showdown between the two chambers and risk a stinging rebuke from financial markets that are due to open in Asia in a few hours.
The Senate would refuse to accept any changes to the bill, a Senate aide said, and it appeared increasingly possible that Congress could push the country over the fiscal cliff after all, despite months of effort.
Strictly speaking, the United States went over the cliff in the first minutes of the New Year because Congress failed to produce legislation to halt $600 billion of tax hikes and spending cuts that start kicking in on Jan. 1.
But with financial markets and federal government offices closed for the New Year's Day holiday, lawmakers had a little more time to work out a compromise without real-world consequences.
The Senate bill drew overwhelming support from Republicans and Democrats alike when it passed by a vote of 89 to 8.
But Republicans who control the House expressed wide dismay with the measure, which includes only $12 billion in spending cuts along with $620 billion in tax increases on top earners.
Majority Leader Eric Cantor, the No. 2 Republican in the House, told reporters after huddling with other Republicans that he does not support the Senate's bill.
(Excerpt) Read more at newsmax.com ...
I just saw where the House was going to vote on this bill ‘as is’ at 11 pm. No spending cuts are to be added. No spending increases are to be dropped. No tax rate increases are to be altered. Basically, it will be an acceptance of the Obama-Reid initial offer with no counter-offer. My gut tells me that the GOP House will sell us all out and pass this bill. Obama and the Dems will be partying hard tomorrow.
Long live the TEA Party.
“I hope those who refused to vote for Romney are happy now.”
Like the jackass who stepped out into traffic without looking, when the light changed - they are “dead right”.
Vote coming up soon, making closing comments now.
Lots of Dems spoke for the bill, I don’t believe any Republicans spoke for the bill except the manager Dreier.
Which is a good sign.
I hope for the country’s -and the Party’s- sake it does not pass.
Why in the world do we even have a GOP anymore?
Get real. Even Hillary Clinton would have been an improvement over Barack Obama who was one of the most extreme leftists in the Senate. There are degrees of bad.
Goober may have a disorder, but what does that say about Republican primary voters in SC?
I hope those who nominated an unelectable NE liberal are happy now.
We already have third parties. Why do we need a new one? We need the conservatives to take over the Republican primaries, something they are either unwilling or too uninformed to do. Or maybe just too few in number to make a difference anyway.
I’ll be surprised if it doesn’t pass.....
“I hope those who refused to vote for Romney are happy now.”
My niece is one of those people. She is also one of those people whose name will disappear from our wills when we re-visit and revise them this year. Our New Year’s Resolution is to be as sure as possible that none of our inheritance will go to Obama voters, and those who didn’t vote against him.
That's the way I see it, too.
Me too but it’s so, so bad for the Party.
The first job of a Speaker is to arrange the business of the House to get the most of his caucus reelected and passing this bill will get a huge number of them “primaried” and “third-partied”.
Looks like another hour to go before the vote. I confused the “vote on voting on the bill” with the “vote on the bill” LOL!
It says SC likes disordered goobers as senators.
Not any longer... he backs boner 1000% now. He surrendered as he always does... progressive whore that he is.
LLS
Yep... eventually we’ll get to a set that will “do what is right”. We write down the ones that won’t vote conservative and bounce them in two years. That’s all we can do.
I’m muting Pelosi already. I just took a clonazepam for anxiety. I never had to be on medications except since the first election.
Same with my Rep. - Tom Price. When first elected, he acted conservative. But now he is simply a whore for power. He'll do whatever Boehner tells him to do even if every single voter in his district told him to do the opposite.
Newsmx did not say that. Reuters did. It is a Thomson/Reuters article.
Until she stood up to gloat I had hopes the Republicans would stand firm...
None of the Rs are speaking for the bill, but she must have enough of them willing to sneak in their votes for it.
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