House Democrats, Tea Party Leaders Don't Favor Tax Package
December 13, 2010 by Personal Liberty News Desk
President Barack Obama is losing allies on both sides of the aisle.
The House Democratic caucus voted against considering the tax package that Obama had negotiated with Republican leaders, which would extend the Bush-era tax cuts for all Americans. The compromise also includes 13 months of unemployment benefits, a cut of 2 percentage points in payroll tax and extended tax credits for students and lower-income Americans.
Democrats favor tax cut extensions for low- and middle-income families, but not for individuals earning more than $200,000 and families that make more than $250,000. Obama originally supported raising taxes for the wealthiest Americans, but acquiesced to GOP demands last weekend in an attempt to move legislation before the extensions expire on Dec. 31.
"This message is very simple. That in the form that it was negotiated, it is not acceptable to the House Democratic caucus," said Representative Chris Van Hollen (D-Md.), quoted by CNN.
House Tea Party members are opposed to the compromise, as well, but for different reasons. According to FOX News, Representative Michele Bachmann (R-Minn.), the chairwoman of the House Tea Party Caucus, said that some Republicans may vote against the tax cuts if they are tied to an extension of unemployment benefits. She said it "would be a very hard vote to take."
Meanwhile, Senate Democrats appear to be in favor of passing the tax package. Politico.com reports that the Senate could vote as early as Dec. 11 to open debate on the bill.