112th Congress: Ready to Rumble!
The Wall Street Journal‘s Patrick O’Connor and Janet Hook preview the upcoming fights: The Republican majority that takes over the House this week plans an ambitious drive to slash government spending by tens of billions of dollars in the next few months, a strategy that ensures that the capital soon will be consumed by intense […]
Class Warfare vs. Economic Facts
“A 2008 study of 24 leading economies by the Organization of Economic Cooperation and Development (OECD) concludes that, ‘Taxation is most progressively distributed in the United States, probably reflecting the greater role played there by refundable tax credits, such as the Earned Income Tax Credit and the Child Tax Credit. . . . Taxes tend […]
Death of Omnibus Boosts GOP
Defeating Harry Reid’s pet pork package gets Republicans off on the right foot going into the 112th Congress: Senate Republicans sought to build momentum on Friday after successfully forcing Senate Majority Leader Harry Reid (D-Nev.) to beg off a $1.1 trillion omnibus spending bill. Sen. John Cornyn (Texas), the chairman of the National Republican Senatorial […]
Oh, Boy! House Democrats Trying to Screw Up Lame-Duck Tax ‘Compromise’
Understand that (a) I hate this godawful bipartisan monstrosity as an unwarranted sellout by Senate Republicans and (b) there’s very little chance that the House Democrats can screw things up so completely as to wreck the deal. But yet there is a glimmer of hope: A final House vote on President Obama’s tax proposal could […]
Oh, Yeah: Senate Passes Pork-Packed Bipartisan Gang-Rape Act of 2010
Only five Republicans — including Coburn, DeMint and Sessions — had the guts to vote against this “compromise” abomination from Hell. “Temporary tax relief, permanent entitlements,” says Michelle Malkin. Because yesterday’s cloture vote was the real decision, I almost forgot to blog about the final passage. In other Stupid Lame-Duck News, the Corporal Max Klinger Memorial […]
Ezra Klein Offers Hope!
Just two hours ago, I was saying we’re totally screwed on The Pork-Laden Bipartisan Legislative Gang-Rape Atrocity From Hell otherwise known as the tax-cut “compromise.” But liberal Democrats in the House are still talking smack, and Ezra Klein thinks they might be crazy enough to blow the whole deal: If I were the White House, […]
In Which Ace of Spades Notices the Big Tax ‘Compromise’ Is Greased With Pork
“Obama needs this deal as much as the Republicans want it. We do not have to play the shakedown game and pay him off in billions to get him to do what he is already forced to do.” — Ace of Spades, “The Porky Tax Deal” This is kinda like the moment at which a […]
Bernie Sanders Be Damned: Tax Bill Wins Senate Cloture Vote by Huge 83-15 Margin
Late yesterday afternoon, the Senate held its cloture vote on the compromise deal that would extend the Bush tax cuts for another two years. Despite weeks of shameless demagoguery about tax cuts for “millionaires, billionaires and these big CEOs who ship jobs overseas” (to quote Harry Reid) and the filibuster by Vermont’s socialist Sen. Bernie Sanders, the […]
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