John Boehner is not the only Republican congressman who has conceded he’d vote for a bill extending the Bush tax cuts only for the middle class. Meet Rep. David Camp (R-MI), ranking member of the House Ways and Means Committee. Two months ago, Camp said almost exactly the same thing.
The guy who tried (and failed via skateboarder) to burn a Koran over the weekend down in Amarillo and runs a group dedicated to detering “promiscuity, homosexuality and non-Christian worship practices through confrontation and prayer” has a day job guarding plutonium at local nuclear weapons production facility.
Brian Beutler reports in that Harry Reid expects to hold a Senate vote on extending the Bush tax cuts within the next three weeks.
Now House Dems changing tune on pressing hold to Obama Plan tax cut vote pre-election?
Sen. Reid says he expects a vote on tax cuts in the next three weeks. On which plan? He’s not so sure about that. Maybe Obama Plan. Maybe not.
Reid says he personally supports the Obama Plan.
Pelosi to take temperature of House Dems see if they’re willing to hold a vote on Obama Plan tax cuts before the election. Caucus meeting tonight.
Senior aide tells TPM: “Tonight is a temperature-taking. We’d like to see a vote.”
Senate Republicans coming together over plan to extend all tax cuts for two years.
It goes without saying that this kicks the can down the road to a point when Republicans might be in a position to make the cuts permanent.
Remember, we’ll have live election results for you here at TPM tonight, the last major set of primaries of the 2010 cycle. The first polls close at 7 PM in New Hampshire. There are three races I’m going to be watching closely: two of which could matter a lot in November, the one probably won’t but is just fun anyway.
See the three races I’ll be watching after the jump … Read More
Obama aides tell our Christina Bellantoni that the White House is deferring to Nancy Pelosi on how to deal with a potential vote on a middle class tax cut.
More ominously, the bright idea bubbling up in the House — to which the White House seems inclined to defer — is to raise the ‘middle class threshold’ up to annual taxable income of $999,999 a year. Or rather to create a new tax bracket on taxable income over $750k or $1 million per year.
So where are we on tax cuts? And an Obama Plan round of tax cuts on incomes under $250k a year?
Democrats in both Houses seem to be moving toward holding a Obama Plan tax cut vote in advance of the November elections. Harry Reid says he expects a vote before they adjourn, which means in the next three weeks. Meanwhile, the leadership in the House seems to be moving in the same direction. Chris Van Hollen, the Dems House campaign chief, basically made the argument today in a chat with Greg Sargent, that such a vote would crystallize the last six weeks of the campaign. It also seems that Nancy Pelosi is getting convinced of the logic of this approach. So she’s going to meet with her caucus in a meeting that should have started just moments ago to take the temperature of her people and try to sell them on the case for pressing for a vote. “Tonight is a temperature-taking. We’d like to see a vote,” a senior aide told TPM.
And then in the background, there’s this new idea of sort of reshuffling the deck and creating an entirely new tax bracket at either $750,000 of taxable income or perhaps $100,000,000 of taxable income per year. But just how this fits into the math and what they’d be voting on isn’t entirely clear. And, honestly, I’m not convinced even the people making the decisions are entirely clear. When I first got wind of it, my take was that House leaders were thinking it was an easier vote if the middle class threshold got pushed higher into the financial stratosphere. But I’m not completely clear if that’s the case. In general, the idea seems to be the basic approach of pushing through an extension for sub-$250k income isn’t quite sexy enough. Doesn’t quite pop. And the new bracket will give it some extra spark.