Thom's blog - Friday December 17th, 2010

You need to know this. The tax cuts compromise deal is now at the President’s desk. The House of Representatives passed the legislation late last night by a vote of 277 – 148. Earlier in the afternoon – it looked as though liberal Democrats in the House were ready to blow the deal up when they protested the planned vote in the afternoon -forcing the House into an indefinite recess. But in caucus meetings later in the night – Speaker Nancy Pelosi was able to wrangle up enough Democratic members to bring the legislation to the floor and pass it. Ultimately – 112 Democrats didn’t support the bill – including the entire Democratic leadership aside from Majority Leader Steny Hoyer. Now - with the President’s signature – the bill will become law. Congressman Peter DeFazio from Oregon – one of the most outspoken opponents of the bill - summed up the conclusion of the tax cut debate by saying, “This basically concedes the argument to the supply-side Republican failed economic policies.” And unfortunately – he’s right. Progressives lost this fight - capping off 2 years of losing battles. But since the tax cuts for millionaires and billionaires weren’t extended permanently – we all need to get to work to make sure progressives win the next battle in 2012.

Popular blog posts

No blog posts. You can add one!

ADHD: Hunter in a Farmer's World

Thom Hartmann has written a dozen books covering ADD / ADHD - Attention Deficit Hyperactive Disorder.

Join Thom for his new twice-weekly email newsletters on ADHD, whether it affects you or a member of your family.

Thom's Blog Is On the Move

Hello All

Thom's blog in this space and moving to a new home.

Please follow us across to - this will be the only place going forward to read Thom's blog posts and articles.