Because the Senate is the Great Deliberative Body, that cools the passions of the electorate and carefully weighs decisions of great moment.
The U.S. Senate voted 89-8 to approve legislation to avoid the fiscal cliff despite having only 3 minutes to read the 154-page bill and budget score.
Multiple Senate sources have confirmed to CNSNews.com that senators received the bill at approximately 1:36 AM on Jan. 1, 2013 – a mere three minutes before they voted to approve it at 1:39 AM.
The bill is 154-pages and includes several provisions that are unrelated to the fiscal cliff, including repealing a section of ObamaCare, extending the wind-energy tax credit, and a rum tax subsidy deal for Puerto Rican rum makers.
Reuters has more detail on the goodies crammed into the last-minute legislation:
But senators also extended higher rum excise taxes to Puerto Rico and the U.S. Virgin Islands and provided tax breaks to a wide range of other groups and interests, including motorsports entertainment complexes and mine rescue teams.
Among the other sweeteners:
* special expensing rules for certain film and TV productions
* tax-exempt financing for New York Liberty Zone, an area around the site of the World Trade Center.
* extension of American Samoa economic development credit
Thank God, we avoided the dreaded Dairy Cliff:
Also tucked in the bill, known as the American Taxpayer Relief Act of 2012, are measures to avert the so-called “dairy cliff” – a steep increase in milk prices that would otherwise take place this year.
The measures would extend farm subsidy programs and prevent dairy subsidies from reverting to 1949 levels, which would have meant retail milk prices could have doubled to about $7 per gallon.
All hail government subsidies, without which we would be subjected to the working of the free market.
The composition of every post is becoming an exercise in making it to the end without using profanities.