Washington - Senate Democrats, divided over how to pay for President Barack Obama's jobs plan, Wednesday tossed out the White House tax proposals and replaced them with one of their own: A tax increase on millionaires.
Obama's plan to increase taxes on individuals earning more than $200,000 and joint filers making more than $250,000 was highly unpopular among some Democrats.
"Many of them are not rich," said Sen. Charles Schumer, D-N.Y. In many areas of the United States, he added, such an income "does not get you a big home or lots of vacations or anything else that's associated with wealth in America."
Obama's $447 billion proposal still faces huge trouble in the Democratic-run Senate, where it's expected to be considered next week. Sixty votes are needed to cut off extended debate, and Democrats control 53 of the 100 seats.
2 comments:
i suggest bo and all demos must be voted out this time.....
This is smoke and mirrors.They cant raise 100 million doing this!Its just to have the republicans veto it to look bad!
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