This time its over the extension of President Bush’s tax cuts.
Facing a stalemate over one of President Bush’s top economic policy goals, the Senate Finance Committee yesterday gave up efforts to extend deep cuts to the tax rate on dividends and capital gains and approved a $60 billion tax measure largely devoted to hurricane relief and tax cuts with bipartisan appeal.
The measure, which could pass the Senate today, marks the latest in a string of legislative setbacks for Bush, who has repeatedly called on Congress to make his first-term tax cuts permanent and has taken particular pride in the 2003 dividends and capital gains tax cuts, which are set to expire in 2008.
First ANWR. Now this. The point of having a Republican majority becomes more and more mysterious.
Linked with Don Surber and California Conservative and The Political Teen and Stop The ACLU and Stuck on Stupid
