Patterico's Pontifications

12/16/2010

Porkosaurus Withdrawn; Tax Cuts Being Debated; UPDATE: Tax Cuts Passed

Filed under: General — Patterico @ 7:45 pm



In keeping with the grand tradition of cribbing off Hot Air links, here is the link to the story about Harry Reid withdrawing the pork-laden omnibus spending bill, and here is the link to the still-developing story of the vote on the tax cuts deal, passage of which would either be a huge victory for Republicans, or a huge defeat for Republicans, or something in between. I am supposed to have strong feelings about this, but I’ve been out of the loop due to work demands, so I’ll leave it to you to express the strong feelings.

UPDATE 9:03 PACIFIC TIME: The tax cuts bill has passed. Victory/defeat/some mixture of the two is ours!!!

75 Responses to “Porkosaurus Withdrawn; Tax Cuts Being Debated; UPDATE: Tax Cuts Passed”

  1. the “tax cuts deal” is a fiscally irresponsible farce and they’ve ruined Christmas

    happyfeet (a55ba0)

  2. The continuing story of the incredible shrinking incompetent clowns Reid and Pelosi.

    SPQR (26be8b)

  3. Great demagoguery going on right now in the House on c-span live.

    daleyrocks (c07dfa)

  4. Schakowsky listed big conservative fortunes and how much more the government would collect when they croaked with higher estate taxes. Very creepy.

    Barney Frank talked about the lies Republicans told back in 2001 and 2003 and emphasized how he voted against the bills then (schmuck).

    Vote coming up.

    daleyrocks (c07dfa)

  5. Got to be careful where you get your news.

    William .. (bf4a5e)

  6. Cspan is actually entertaining tonight.

    JD (07faa1)

  7. I don’t have access to CSPAN right now so I appreciate the updates, daleyrocks.

    DRJ (d43dcd)

  8. Steny Hoyer is on a stemwinder, rewriting history.

    JD (07faa1)

  9. Thanks to you, too, JD.

    DRJ (d43dcd)

  10. Did you know maintaining the status quo on income taxes is a tax cut? And in conjunction with unemployment benefits and the 35% death tax that this is a jobs bill?

    JD (07faa1)

  11. Too bad there isn’t any alcoholic eggnog in Congress. The speeches would be a lot more interesting.

    DRJ (d43dcd)

  12. Schakowsky was disgusting.

    daleyrocks (c07dfa)

  13. here is a for reals heroic person what is also British

    he is a heroic British person

    he makes U.S. senators look like cowering shriveled pansies, he does

    ok they kinda look like that all on their own really but you know what I mean

    happyfeet (a55ba0)

  14. DRJ – I’m watching on my computer. They’re on break before a vote right now. I just keep it in a separate window and if I hear something good I can click over.

    http://cspan.org/Live-Video/C-SPAN/

    daleyrocks (c07dfa)

  15. Thanks for the link. I’m in the middle of something but every so often I walk past the computer and check this thread. I could check other websites but I’d rather get my updates via daleyrocks and JD.

    DRJ (d43dcd)

  16. But it looks like from your link that they are voting now, so we should know something soon.

    DRJ (d43dcd)

  17. This is a jobs bill. Seriously. Kind of like how unemployment benefits are stimulus. DC is an odd place.

    JD (07faa1)

  18. Apparently the vote on the estate tax amendment failed. Doesn’t that make it more likely the tax deal will pass?

    DRJ (d43dcd)

  19. Olbergasm and Eugene Robinson are relentlessly craptacular.

    JD (07faa1)

  20. Amendment fails.

    daleyrocks (c07dfa)

  21. Now 15 minute vote on final passage of Senate version of bill.

    daleyrocks (c07dfa)

  22. do we know if any Rs voted for the amendment?

    happyfeet (a55ba0)

  23. That amendment was the one where the Dems wanted to really jack the death taxes instead of just jacking them up a little bit. Yes?

    JD (07faa1)

  24. Final vote on Pomeroy Estate Tax Amendment 233-194. Looks like Blue Dogs voted no with Republicans.

    Suck it Nancy.

    daleyrocks (c07dfa)

  25. Yes, some Team R people voted for it, happyfeet.

    JD (07faa1)

  26. they must be the ones what lost, mostly

    one hopes

    happyfeet (a55ba0)

  27. JD – Yes, that was higher estate tax rate amendment, which was why Schakowsky was touting how rich the conservative families were and how much more the government would collect with the higher rates when they died than with the compromise rates – absolutely disgusting.

    Looks like final vote is a done deal.

    daleyrocks (c07dfa)

  28. At least 135 Team R critters are voting for this monstrosity.

    JD (07faa1)

  29. Schakowsky is loathsome, daleyrocks. I have met her several times, when she was a state rep in Springfield.

    JD (07faa1)

  30. oh I meant how many had voted for the amendment about taxing the dead people

    happyfeet (a55ba0)

  31. What will the next vote be on?

    DRJ (d43dcd)

  32. The Update says the tax cut bill passed but I thought they were voting on estate tax amendment(s). Did I miss it?

    DRJ (d43dcd)

  33. Apparently I did miss it. Time for eggnog!

    DRJ (d43dcd)

  34. Rep Farr just blew an aneurism on the floor of the House. Did you know that deficits are evil and now the Dems are blaming Team R for Dem spending. It is surreal. Did you know the rich don’t pay their fair share? It is true.

    JD (07faa1)

  35. Not taking money away from a family is giving them a free ride. It is the government’s money.

    JD (07faa1)

  36. I think the estate tax will be repealed in 2011, and as far as I can tell from some sources – a series of further tax cuts and spending cuts in entitlements are going to be unpopular but passed including income tests for social security benefits, lowering the amount of monthly payments and the raising to as high as 72 the social security payments.

    The 858 billion dollar price is actually less than zero – its a decade and in a decade the growth will way offset any perceived loss in revenue

    EricPWJohnson (25498d)

  37. I think this is a breakdown of the final vote. If so, it was an interesting combination of the right and the left voting No.

    DRJ (d43dcd)

  38. $858,000,000,000 is less than zero. The status quo will be a stimulus.

    JD (07faa1)

  39. DRJ,

    Is it time for eggnog to celebrate our glorious victory? Or to drown our sorrows over our ignoble defeat?

    Tonight I saw a quote from Tom McClintock, whom I trust implicitly, saying the deal was good. He said we can choke off spending when we are in the majority, but the tax cuts will last for two years.

    On the other hand, Mark Levin is against the deal.

    Or is that the same hand? I’m so confused lately …

    Patterico (933bac)

  40. “oh I meant how many had voted for the amendment about taxing the dead people”

    Mr. Feets – Anthony Weiner told Megyn Kelly that the estate tax was moral because the people were dead and to people getting assets from estates it was unearned income. He completely ignored her points about the income already in the estates already having been taxed and whether it was moral to tax it again just because the people were now corpses.

    daleyrocks (c07dfa)

  41. I would submit that much of the problem with Congress can by symbolized by the name of this bill.
    QUESTION: On Motion to Concur in the Senate Amdt to the House Amdt to the Senate Amdt
    BILL TITLE: Airport and Airway Extension Act of 2010, Part III

    Do you get that kids? This wasn’t about tax cuts. This was about making our airport runways longer. Or something.

    Not to mention the overlayering of amendments described in the “question”.

    kishnevi (fb9343)

  42. I think people like Levin and Limbaugh were against it because we should have waited until next year when we could have negotiated a better deal when we control the Senate.

    Wait, we don’t control the Senate next year? What guarantees negotiating a better deal next year? Nothing?

    OK, why not try anyway, just for sh*ts and giggles.

    daleyrocks (c07dfa)

  43. the estate tax is same as stealing

    happyfeet (a55ba0)

  44. “the estate tax is same as stealing”

    Grave robbing.

    daleyrocks (c07dfa)

  45. Happyfeet- the leftists apparently believe it is theft from the government to keep your estate.

    JD (07faa1)

  46. “Happyfeet- the leftists apparently believe it is theft from the government to keep your estate.”

    JD – No family businesses of more than moderate success may pass between generations. It is not the socialist way.

    daleyrocks (c07dfa)

  47. Except for the Heinz, Rockefeller, Pew, Ford, Carnegie and I assume Gates and Buffett trusts

    narciso (6075d0)

  48. what’s weird is if you have a $10 million dollar estate, you can want to leave $10 to a million people or $5 million to two people, and our sad, pitiful, brokedick little government feels equally entitled to a huge cut either way.

    That shows you that it’s not remotely rational it’s just stealing.

    happyfeet (a55ba0)

  49. Is it time for eggnog to celebrate our glorious victory? Or to drown our sorrows over our ignoble defeat?

    The omnibus was shut down, so I say we should be pleased with the day.

    I’ve been turned from pleased with the Tax Cut extension to near apathy over it. Mitt Romney (whom I am not a fan of) wrote the best op ed on it, in USA Today, and I agree that what we really need is a long term stable tax rate, instead of kicking the can down the road in cynical hopes of better politics later on.

    But Daleyrocks is right. We got this. It’s something. We can come back next year too. It really sucks that we have the unemployment extension, so I hope we repeal that next year, but I am pretty sure that’s one of those things the GOP is squishy on.

    I think waiting for next year, and letting the tax rates increase right now, would have hurt our country quite a lot.

    Dustin (b54cdc)

  50. Businesses, especially small businesses and entrepreneurs, have suffered the past 2-3 years because of the recession and Obama’s regulatory and economic policies. I don’t think this tax bill will turn the economy around but it may save some jobs and businesses and, if we’re really lucky, keep us from sinking even further into a hole. At this point, I think that’s the best we can hope for.

    DRJ (d43dcd)

  51. i had hoped this effort would fail, just so the stupid amongst us might have one more reason to remember that the demonrats RAISE taxes, and, no matter what sweet bull schise they blow in your ear to get ellected, they hate you, and you and you, and all the rest of you, unless you are either at the tit already or rich to the point of not caring.

    i have little faith that the masses might suddenly s*ber up, but even if just a small subset would look up, that would be enough. after all, as Sam said, “It does not take a majority to prevail… but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men.”

    redc1c4 (fb8750)

  52. Of course the not-so-funny bottom line is we’re depending on the government to right a sinking boat as if it didn’t cause the hole in the hull.

    Ag80 (3d224f)

  53. This is a huge victory for us government austerity fans. The $1 trillion Porkblast Deluxe bill will need to go through the new Congress after the distraction of the holidays is over. The Republicans participating in the failed spending/earmark fiasco need to be exposed and have needles shoved under their fingernails.

    Wesson (019671)

  54. Tax cuts with spending increases (unemployment) and wealth transfer (temporary fica tax decrease). No, I’m not very happy.

    Tax cuts are great but with the corresponding reduction in government, it is meaningless.

    ID (3e1a46)

  55. its a mixed bag. we are continuing to incentivize unemployment and to penalize employment. But at least our taxes don’t go up.

    Now, next serious spending control.

    Which won’t happen, but I am prepared to be surprised.

    Aaron Worthing (b8e056)

  56. serious spending control

    That means entitlement reform. Bumblef is trying to head that off by asserting that no no no it’s tax reform what’s key.

    He’s a notably crappy president.

    happyfeet (a55ba0)

  57. “Except for the Heinz, Rockefeller, Pew, Ford, Carnegie and I assume Gates and Buffett trusts”

    narciso – A lot of expensive tax planning in some of those family fortunes and a lot of the wealth in some is widely dispersed and/or now has passed to foundations. Situations differ by family. When was last major matriarch or patriarch death? A Pritzker?

    daleyrocks (c07dfa)

  58. “That shows you that it’s not remotely rational it’s just stealing.”

    It is just another anti-business Democrat policy in my book. My are Democrats always anti-business, especially in a poor business environment. They never miss an opportunity to miss an opportunity.

    daleyrocks (c07dfa)

  59. you’d think they’d be content with destroying the offshore drilling industry

    happyfeet (a55ba0)

  60. WBF.

    same ol’ same ol’…..

    redc1c4 (fb8750)

  61. Obama will lose the election in 2012. The taxes are still high and they still need to cut tax to create more jobs. They shouldn’t passed the unemployment checks for 99 weeks. It is another waste of more government money to spend. The Fox News Network said this morning the poll doesn’t look good for Obama because he has already broken promise to the American people. I am conservative Republican and glad that I didn’t vote for Obama in 2008. He has a lack of ‘inexperience and leadership’.

    m (fc559b)

  62. Demint started the recession.

    Comment by Alvin Greene for Senator — 12/25/2011 @ 13:32 am

    62.5. That’s the first thing that came to my head when I read ‘m’.

    Guess I’m not being very nice lately.

    Dustin (b54cdc)

  63. I was pointing out to the hypocrisy of the estate tax boosters like Buffet and Gates Sr, also what inevitably happens when O’Sullivan’s law hits those foundations. Pew is now the reverse of what the Sun Oil founders intended it to be.

    narciso (6075d0)

  64. narciso – Got it. Plus all the tax planning all the wealthy members of Congress have done to avoid it hitting their estates. People should ask them directly in front of a camera if they have taken steps so their estates will avoid paying the taxes. Embarrass them.

    daleyrocks (c07dfa)

  65. Off-topic, ’cause you know, Karl isn’t here, but did anyone notice Politifact’s “Lie of the Year” is the one Luntz fed you boys about a “government takeover of healthcare.”

    I hope someone can pass it along, because Karl was pretty stoked. Then again, his political idol is Limbaugh, so what the hell does he know

    timb (449046)

  66. Just as in the Senate, in the House, more Democrats than Republicans voted for the tax bill.

    So given the usual dishonesty of Democrats, we’ll hear how its the Republicans’ fault …

    A vote to amend the bill to set estate tax at 2009 levels, $3.5million exemption / 45% max rate, failed because not enough Democrats voted for it.

    SPQR (26be8b)

  67. Oh, and after all the nonsense about how the TEA Party people supposedly “ruined” a GOP takeover of the Senate ( a canard if anyone looks at the GOP’s actual chances of same over the last year or two ) … does anyone think that without the TEA Party activists that we would have seen the extension of tax rates pass this week?

    SPQR (26be8b)

  68. In no way, shape or form can continuing the tax rates that have been in effect for a decade be construed as a “cut”, ok?

    Stop raping the language.

    mojo (8096f2)

  69. I agree with Mojo…please use precise language. As far as the income tax provisions of the bill are concerned, this wasn’t a “tax cut”; it was a vote to keep individual tax rates where they have been for the last nine years.

    In addition, a tax rate cut isn’t necessarily a reduction in taxes, so it isn’t correct to call a tax rate cut a tax cut.

    AlanH (ff3046)

  70. Karl has a secret admirer.

    JD (913181)

  71. Surber puts paid to timb’s BS here.

    SPQR (26be8b)

  72. 65….Gas Alert!
    Would someone open a window to allow the room to air out.

    AD-RtR/OS! (b8ab92)

  73. That was funny, SPQR.

    JD (07faa1)

  74. The elephant in the room that seems to go unnoticed is that there isn’t a single appropriation bill passed by this Congress for FY2011. Everything was in the omnibus bill.

    Neo (03e5c2)


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