Thank you, Vp Biden for going in to the House den and schooling the fools on how to GET SHIT DONE. See, Biden knows where all the bodies are burried. He knows how to work out a deal with McConnell to provide cover for both parties. Everything is as it should be. Let the whiners whine on the left and the right. FORWARD!
MSNBC, CNN, & C-SPAN coverage throughout the day.
Time and again, the RIGHT & the LEFT refuse to learn the TRUTH about this PRESIDENT. Senate passed the fiscal cliff deal 89-8 early this morning. The House will convene at noon today and Boehner will adddress the fiscal cliff deal at 1 p.m.
Some on the left are already griping that the White House gave up too much by raising the income limit on the Bush tax cuts to $400,000-450,000, but here is what the president got in return for his minor concession:
– A permanent rise in tax rates to the Clinton era levels for all individuals making over $400,000 a year.
– A return to the Clinton era rates on capital gains.
– The Estate Tax will be set at 40% for those at $400,000 threshold with a $5 million exemption.
– A 5 year extension of the Earned Income Tax Credit, the Child Tax Credit, and the American Opportunity Tax Credit for low income Americans.
– All Obama small business tax breaks extended for another year.
– A full year extension of unemployment benefits.
– A nine month Farm Bill.
– A permanent patch for the Alternative Minimum tax.
See how the President’s game is ALL about the LONG TERM GAINS? Look who the WINNERS are.
A spokesman for House Majority Leader Eric Cantor (R-Va.) pushed back Tuesday afternoon against the suggestion that by coming out against the “fiscal cliff” deal passed by the Senate, the congressman was undercutting House Speaker John Boehner (R-Ohio).
The majority leader himself added, “Speaker Boehner and I are working with House Leadership and our conference to find best path forward.” Boehner and Cantor walked into a House GOP meeting together at 5:20 p.m. but made no comments to reporters.
Cantor’s opposition is likely to doom the chances for fast House passage of the legislation without changes, which could prolong efforts to avert the automatic tax increases and spending cuts that technically took effect on Tuesday.
Moments earlier, House Majority Whip Kevin McCarthy (R-Calif.) wouldn’t say when a vote might be held. “I think it’s important that people read the bill,” he said.
UPDATED WITH POTUS’ REMARKS ON VOTE