Congress approves ‘fiscal cliff’ measure - Basketball Forum : Professional and College Basketball Forums

**Prince** · 01-01-2013, 09:43 PM

Quote:

Congress approved a plan to end Washington’s long drama over the “fiscal cliff” late Tuesday after House Republicans surrendered to President Obama’s demand to let taxes rise on the nation’s richest households.

The House voted 257 to 167 to send the measure to Obama for his signature; the vote came less than 24 hours after the Senate overwhelmingly approved the legislation.

House Speaker John A. Boehner (Ohio) and most other top GOP leaders took no public position on the measure and offered no public comment before the 10:45 p.m. vote. Boehner declined even to deliver his usual closing argument, leaving House Ways and Means Committee Chairman Dave Camp (R-Mich.) to defend the measure as the “largest tax cut in American history.”

The bill will indeed shield millions of middle-class taxpayers from tax increases set to take effect this month. But it also will let rates rise on wages and investment profits for households pulling in more than $450,000 a year, marking the first time in more than two decades that a broad tax increase has been approved with GOP support.

The measure also will keep benefits flowing to 2 million unemployed workers on the verge of losing their federal checks. And it will delay for two months automatic cuts to the Pentagon and other agencies that had been set to take effect Wednesday.

Many economists had warned that the scheduled tax increases and spending cuts would have plunged the economy back into recession.

Conservatives complained bitterly that the legislation would raise taxes without making any significant cuts in government spending. For much of the day, the measure appeared headed for defeat as Boehner contemplated tacking on billions in spending cuts, a move that would have derailed a compromise that the White House and Senate leaders had carefully crafted.

In the end, GOP lawmakers decided not to take a gamble that could force the nation to face historic tax increases for virtually every American — and leave House Republicans to take the blame.

“I don’t know if playing chicken with the American people at this point is in the best interest of the people,” said freshman Rep. Lou Barletta (R-Pa.).

The bill drew 85 votes from Republicans and 172 from Democrats, meaning well more than half of its support came from the Democratic minority.

With 151 Republicans voting “no,” the GOP tally fell far short of a majority of the GOP caucus. That broke a long-standing preference by Boehner to advance only bills that could draw the support of a majority of his Republican members.

In a sign of the moment’s gravity, Boehner himself cast a rare vote: He supported the bill. So did Rep. Paul Ryan (Wis.), the GOP’s vice-presidential candidate last year, who parted ways from Sen. Marco Rubio (R-Fla.), a potential 2016 presidential contender, who voted against the measure.

But other top GOP leaders voted no, including Majority Leader Eric Cantor (Va.) and Majority Whip Kevin McCarthy (Calif.).

Boehner was humiliated just two weeks ago when the Republican rank-and-file refused to support a GOP alternative that would have permitted taxes to rise only on income over $1 million a year. But when he scheduled a vote on the Senate bill, even some of the chamber’s staunchest conservatives agreed that giving up the fight was probably the best course.

http://www.washingtonpost.com/busine...y.html?hpid=z1

kbdullah · 01-02-2013, 08:11 AM

Disappointing that the only thing to come out of this was a two-month delay and no real spending cuts. Those earlier offers the House rejected are probably looking real good right now. The no tax pledge ended up just costing House Republicans opportunities to accept deals that at least had some spending cuts too.

**Diable** · 01-02-2013, 08:59 AM

The members of the House just aren't capable of doing anything, because governing in the country's best interests is not in their own best interests. The only thing that concerns them is whether or not something is likely to result in a primary challenger backed by a bunch of money from special interest groups.
So Boehner had to punt instead of doing his job.

If you chose not to participate in the legislative process it casts a lot of doubt on your fitness for the job of legislating.

**E.H. Munro** · 01-02-2013, 10:15 AM

Gee, the Senate and White House came together to protect corporate welfare and the House followed along meekly? I'm shocked! Shocked! I tell you.

e-monk · 01-02-2013, 02:14 PM

blah blah blah

**Hyperion** · 01-02-2013, 03:22 PM

So in their effort to stop taxes rising for those making more than $450,000, they refused to back a bill that put the tax hike on $1mill plus and ended up getting the $450,000. This is the height of hilarity. It's almost as if these people were inbred into these positions of power.

**E.H. Munro** · 01-02-2013, 09:26 PM

I think you're missing the #1 priority of everyone in DC. Corporate welfare. What doesn't this "adult agreement" do? Cut spending. What won't happen in any continuing spending resolutions? Spending cuts.

01-02-2013, 08:11 AM	#2 (permalink)
kbdullah Star Join Date: Jul 2010 Location: Houston, TX Posts: 3,429 Rep Power: 1266257	Re: Congress approves ‘fiscal cliff’ measure Disappointing that the only thing to come out of this was a two-month delay and no real spending cuts. Those earlier offers the House rejected are probably looking real good right now. The no tax pledge ended up just costing House Republicans opportunities to accept deals that at least had some spending cuts too.

01-02-2013, 08:59 AM	#3 (permalink)
Diable Limehouse Blues Join Date: Apr 2005 Location: North Carolina Posts: 22,168 Rep Power: 14650805	Re: Congress approves ‘fiscal cliff’ measure The members of the House just aren't capable of doing anything, because governing in the country's best interests is not in their own best interests. The only thing that concerns them is whether or not something is likely to result in a primary challenger backed by a bunch of money from special interest groups. So Boehner had to punt instead of doing his job. If you chose not to participate in the legislative process it casts a lot of doubt on your fitness for the job of legislating. __________________

01-02-2013, 10:15 AM	#4 (permalink)
E.H. Munro Baddest Honky Mofo Alive Join Date: Jun 2004 Posts: 24,281 Rep Power: 21474869	Re: Congress approves ‘fiscal cliff’ measure Gee, the Senate and White House came together to protect corporate welfare and the House followed along meekly? I'm shocked! Shocked! I tell you. __________________ If everyone loves you you're doing it wrong. "Opium is the religion of the masses." Fred Reed The Power of 99 Press "He thinks it's going to be fun being governor. It's only fun being governor of New York if you have money to spend, and I spent it all." Nelson Rockefeller on his successor, Hugh Carey.

01-02-2013, 02:14 PM	#5 (permalink)
e-monk All-Star Join Date: Sep 2010 Posts: 5,686 Rep Power: 3274359	Re: Congress approves ‘fiscal cliff’ measure blah blah blah

01-02-2013, 09:26 PM	#7 (permalink)
E.H. Munro Baddest Honky Mofo Alive Join Date: Jun 2004 Posts: 24,281 Rep Power: 21474869	Re: Congress approves ‘fiscal cliff’ measure I think you're missing the #1 priority of everyone in DC. Corporate welfare. What doesn't this "adult agreement" do? Cut spending. What won't happen in any continuing spending resolutions? Spending cuts. __________________ If everyone loves you you're doing it wrong. "Opium is the religion of the masses." Fred Reed The Power of 99 Press "He thinks it's going to be fun being governor. It's only fun being governor of New York if you have money to spend, and I spent it all." Nelson Rockefeller on his successor, Hugh Carey.

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