Wednesday, January 02, 2013

Obama rolls Congress.....

Cuts? We don't need no stinking cuts!.......

Senate votes to avoid 'fiscal cliff' - Washington Times

Congress careened over the edge of the fiscal cliff at midnight, but a solution was in the offing after the Senate voted early Tuesday to approve a deal that combined tax-rate hikes and new stimulus spending, along with a two-month delay of automatic spending cuts. Democrats and Republicans linked arms and powered the bill through the Senate on an overwhelming 89-8 vote, sending the measure over to the House, where a final showdown looms, and where it could have a more difficult path. Sen. Mitch McConnell said it was the best bill that could be written. “The president wanted tax increases, but thanks to this imperfect agreement, 99 percent of my constituents won’t be hit by those hikes,” the Kentucky Republican said just ahead of the vote, which didn’t end until after 2 a.m. Tuesday morning. An early estimate of the tax provisions found the bill amounted to a nearly $4 trillion tax cut when calculated over the next decade — all of which will be added onto the deficit.

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