US Senate Passes Tax Cut Package
Wednesday, December 15, 2010
The Senate has passed a $858 billion compromise tax plan by a wide margin. The vote was 81 to 19. Thirteen of those voting against the measure were Democrats, who had fought against an extension of tax breaks for the wealthy.
The bill now goes to the House, where a vote is expected on Thursday.
Speaking on WNYC's Brian Lehrer Show this morning, Brooklyn and Queens Congressman Anthony Weiner said he doesn't like the compromise. But he doesn't think he can prevent its passage.
"I think that sometimes fighting for what you believe in, is a value in and of itself," he said. "Even if you don't get every single thing you want, at least you've defined the issues."
New Jersey Congressman Scott Garrett, a Republican, opposes the deal. He said a two percent reduction to the payroll tax will endanger Social Security. "That will make Social Security even weaker going forward," he said. "So if you're a senior citizen, I'd think you would have a lot of concerns about the president's proposal right there."
The Social Security tax was one of a series of measures President Barack Obama to help the middle class.