The tax deal will advance in the Congress. As of this hour, the Senate has secured at least 60 votes needed to take the measure to a vote tomorrow. The vote is expected to pass the Senate.
(Update: As of 5:36 p.m., 79 Senators have voted to advance the measure)
I’m a mom. I have three kids which happen to be one more than originally planned. But sometimes life throws you surprises. And mine turned out to be a terrific surprise with a contagious smile and an obsession with the BBC’s Top Gear. Going from two kids to three was a huge change for us,…
Senate Republicans blocked a proposal today that would tax the windfall profits of the country’s largest oil companies. The GOP put together 43 votes, which left the Democrats 9 votes short of what they needed to break a filibuster and bring the proposal to a vote. Democrats had urged Congress to pass the bill, with…
Colorado Governor Bill Ritter (D) made headlines all over the country this week when signed a bill adding sales tax to candy and soda. The bill was one of nine bills meant to address the state’s $1.5 billion budget shortfall. The bill, as in other states like Pennsylvania, is being touted as an elimination of…
Despite fears from tax professionals of a resurgence of the “tax rebate” fiasco that was 2002, the White House and Congress are reportedly considering an “emergency” rebate package for the current tax year. President Bush has told congressional leaders that he favors immediate income tax rebates for taxpayers. Bush is reportedly asking for tax rebates…
If you ask a Mainer about taxes, you’re liable to get an earful: Mainers have one of the highest tax burdens in the nation. Nonetheless, on election day, Maine voters turned down proposals to cut taxes. In a slow economy, Maine voters were leery of a proposal that would result in cuts in services. The…
If this was to the be dawn of a new era of bipartisanship, it didn’t look like it today. President Obama’s stimulus package, a modified version of the original $825 billion plan, shaved off a few billion and still did not manage to get one Republican “yes” vote in the House. The final vote was…