All three major presidential candidates interrupted their campaigns to cast votes on the budget planning, which is non-binding but highlights the difficult choices facing the next president and Congress. Binding votes on the expiring Bush tax cuts will be left to his successor and the Congress that's elected in November.Just a reminder that no matter who wins - McCain, Clinton or Obama - you, my friend, will be fucked.
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In the Senate, John McCain of Arizona, the Republican presidential nominee-in-waiting, voted to extend the full roster of tax cuts, which he opposed seven years ago as being tilted in favor of the wealthy. Democratic rivals Hillary Rodham Clinton of New York and Barack Obama of Illinois both voted against them.
Clinton and Obama did vote for $340 billion in tax cuts over five years for middle- and higher-income taxpayers, investors and people inheriting businesses and big estates.
But they joined with Democrats and a couple of maverick Republicans to reject, 52-47, an additional $600 billion in extensions of income tax rate cuts, more generous estate tax cuts and relief from the alternative minimum tax.
Thursday, March 13, 2008
Taking care of what matters
Andrew "Lord and" Taylor, AP: