Well, it happened! The House passed the Tax Cut Bill, so Obama should sign it today. In a later blog I will try to go over the main points and what you can expect. The Drama is over! Not really – not in Washington. Just on to the next exciting episode.
Brian’s Tax Musings
Well, guess what? The House finally let the tax bill come to a vote. Nancy got religion I guess, so either it will be passed as is or will be passed with a higher estate tax, which means it will go back for reconciliation, which could scuttle the whole deal. Another cliff hanger! Well if something happens I will let you know.
Brian’s Tax Musings
Well, as expected, the bill to extend the Bush Tax Cuts and Unemployment Benefits (the tradeoff) will actually come to the Senate floor to be voted on soon. 83 senators, obviously realizing this will be the best deal they can get this year, voted to vote on it soon (next week I think). While there is still talk about a problem in the House, I don’t see how Democrats can stall the bill, because if they do, as soon as the new congress takes over next year, I have heard the first priority is to pass this stuff, maybe without the Unemployment extension? Nancy would be making a mistake stalling this bill, so stay tuned for the next exciting chapter of “As Congress Turns.”I do think this bill will be passed eventually the way it is, maybe with some minor changes, but you never know – soap operas do have unexpected cliffhangers.