Friday, August 04, 2006

GOP Bid On Wages, Estate Tax Is Blocked

Senate Democrats blocked a Republican bid to combine a tax cut for the wealthy with a wage increase for the working poor last night, adding a volatile economic issue to this fall's congressional campaigns.

GOP leaders fell three votes short of the 60 needed to cut off debate and bring the package to the Senate floor, where it was considered certain to pass on a simple-majority vote. Republicans said Democrats will pay a price in November, contending that most Americans support the bill's call for an increase in the minimum wage and deep cuts in the estate tax.

But Democrats said rich Americans have received enough breaks from the Bush administration and the GOP-led Congress. Voters, they said, will see the Republican-backed bill as a ploy to further enrich upper-income families while trying to usurp the Democrats' role as champions of the working poor.

Under the bill, "8,100 of the wealthy and well-off hit the jackpot, while millions of working families get $800 billion in [federal] debt," said Minority Leader Harry M. Reid (D-Nev.), who led the opposition to the measure.

FULL STORY

1 Comments:

At Tuesday, February 19, 2008 11:35:00 PM , Anonymous Anonymous said...

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