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Click here to visit the new home of Politics Daily!(Dec. 17) -- President Barack Obama will sign an $860 billion tax deal this afternoon that extends the Bush-era tax cuts by two years and grants unemployed Americans up to 13 additional months of benefits. In a 277-148 vote, the House passed the bill Thursday after the Senate approved an identical measure the day before. Although some opinion makers are calling this a victory for Obama, many liberal Democrats have expressed concerns over the bill, saying the wealthiest Americans got too many breaks in the deal brokered with Republicans. Here is a breakdown of the measure, compliments of the ...
The House voted 277 to 148 Thursday to temporarily extend the Bush tax cuts, continue unemployment benefits for 13 months and approve a series of smaller tax credits, cuts and extensions. A coalition of 112 Democrats and 36 Republicans voted against the measure, while 139 Democrats and 138 Republicans voted for it. Because the Senate passed the identical measure on Wednesday, the legislation now goes to President Obama for his signature Friday. The bill's passage marks a significant victory for Obama, who struck out on his own last week to forge a compromise with Senate Republican leaders ...
Despite unhappiness among some on the right and left in both political parties about aspects of the deal to extend the Bush-era tax cuts, two new polls show there is broad bipartisan support among the public for the agreement negotiated between President Obama and Senate Republicans. A Pew Research Center survey conducted Dec. 9-12 said 60 percent of Americans approve of the deal, which extends the tax cuts for all Americans including high-income earners as well as extending unemployment benefits. Twenty-two percent disapproved and 18 percent were undecided. Republicans, Democrats, ...
Some political analysts are viewing President Obama's willingness to rankle Democratic leaders and anger liberals by striking a deal with Republicans on extending the Bush-era tax cuts as a bid to win back independents in advance of the 2012 elections. A new Gallup poll suggests that, politically, it may indeed have been a good way of moving towards that goal. Liz Sidoti, who covers national politics for the Associated Press, saw Obama's strategy this way: "The compromise portended more likely to come as Obama courts the fickle center of the electorate and positions himself as the pragmatic ...
(Nov. 29) -- Will they or won't they? Unemployment benefits for people who have been out of work for six months or longer will officially expire Tuesday at midnight unless Congress steps in and approves another extension. Blocked in large part by Republicans, the U.S. House of Representatives failed to muster enough votes on Nov. 18 to pass a three-month extension of benefits. Now, Congress has just one more day to do so before the current extension expires and more than 2 million Americans find themselves without weekly checks from the federal government. To understand the drama playing ...
(Nov. 18) -- It's not the holiday message that millions of unemployed Americans were hoping to hear. In a largely party-line vote, the U.S. House of Representatives failed today to pass an extension of unemployment benefits that would have guaranteed delivery of checks to the jobless through Feb. 28. Republicans argued that continuing to pay for the extension represents one more expense the federal government cannot afford. Democrats, on the other hand, likened continuing benefits to the bailouts that have helped save the auto industry and the U.S. financial sector. Whichever side of that ...
(Aug. 19) -- Glenn Beck probably won't be joining a 99er protest anytime soon. On Monday, the Fox News television commentator lambasted the 99er movement -- composed of the 1.4 million long-term unemployed Americans who have exhausted the full 99 weeks of emergency federal unemployment aid -- for not seeking out work and being "socialist and anti-capitalist." After explaining the plight of the 99ers and showing footage of a recent 99er demonstration on Wall Street, Beck offered the unemployed workers his two cents. "Don't spend your remaining money on travel to get to a protest," he said. ...
(July 22) -- The most recent debate in Congress and among commentators over the extension of unemployment benefits caused a lot of nasty back-and-forth about the merits of doing so. Would it discourage people from looking for work, extending the jobless problem? Should the extension be paid for with cuts elsewhere? Will it help boost economic growth? Have there been enough extensions already to get us to 99 weeks of benefits? But while one can rationally argue pro or con on these issues, there's a deeper question that we need to try to answer: Are we, by having the government doing so much ...
(July 20) -- After three failed attempts, the Senate voted 60 to 40 to end a Republican filibuster Tuesday over a bill to extend unemployment benefits for the long-term unemployed through the end of November. More than 1 million Americans have been without benefits since the latest extension expired at the end of June. ...
(July 19) -- In a sharp, scolding tone, President Obama on Monday castigated the "partisan minority" who have held the workers of America "hostage to politics" by delaying the extension of unemployment benefits. The president called for Congress to pass the extension, which will come up for vote tomorrow, saying it was "time to do what's right -- not for the next election, but for the middle class." ...
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