Wednesday, January 2, 2013

House rubber stamps Demo deal inked by Senate

(click on the headline for a good time - and try not to laugh)

Washington – New Year's Day didn't bring the end of the world any more than that dreaded day in December 2012 predicted by the Mayan calendar.

After all the tough talk and threats, most people won't have to worry about skyrocketing taxes and massive spending cuts implicit in the dreaded “fiscal cliff” scheduled for January 1, 2013.

In a massive flip flop of constitutional authority, members of the House of Representatives approved a compromise solution worked out between the key leadership of both parties in the Senate, and agreed to raise taxes on only the wealthiest two percent of America's top earners.

Article 1, Section 8 of the U.S. Constitution grants the power to lay and levy taxes on the lower chamber, not the Senate.

Bipartisan approval of the scheme amounted to a huge margin as 257 members of the House of Representatives voted aye and 167 nay to rubber stamp the deal that calls for an income tax increase from 35% to 39.6% for single earners who report income of $400,000 or more and couples whose returns report $450,000.

The measure extends unemployment compensation to long-term unemployed who are looking for work; prevents cuts in fees for doctors who accept Medicare payments; cancels a $900 pay increase for lawmakers that was due in March; and prevents a spike in milk prices.

The measure passes from the halls of Congress to the desk of the President for a signature for its approval. 

(click here for a double-down dirty dawg good time, y'all)

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