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House Passes Republican Plan to Extend Bush-Era Tax Cuts for ALL Americans

The House on Wednesday passed legislation by a vote of 265-171 to extend the Bush-era tax cuts through 2013 for all Americans, not just those making less than $250,000 a year.

“Republicans want to preserve the Bush tax cuts across all six income brackets, ensuring that the top two rates remain at 35% and 33% next year. The party also wants to keep dividend and capital gains tax rates at 15% and the estate tax at 35% after the transfer of the first $5.1 million,” the Wall Street Journal’s Siobhan Hughes writes.

“The GOP has also tacked on a two-year extension of relief from the alternative minimum tax, which was intended to apply to the rich but is threatening to ensnare more Americans because it was never indexed for inflation,” she adds.

The House vote is directly opposed to legislation passed last week in the Senate by a vote 51-48 that calls for tax increases on America’s top earners.

“It’s time to put the politics aside,” said House Speaker John Boehner (R-OH) “Raising taxes at this point in this economy is a very big mistake.”

Many analysts believe today’s vote is little more than a symbolic victory for the GOP-controlled House. And they’re probably not too far off in saying so.

We can expect the legislation to meet its demise once it makes its way to the Democrat-controlled Senate and falls into the hands of Senate Majority Leaders Harry Reid (D-NV).

House Passes Republican Plan to Extend Bush Era Tax Cuts for ALL Americans

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Comments (41)

  • Eamon
    Posted on August 2, 2012 at 7:26pm

    Great job, Blaze, in not providing your readership with full information on this bill and directing them to a link that requires you to become a subscriber (for $25.96 a month) in order to read the full article on the other site, which is wholly owned by News Corp. What your so-called article fails to mention to your readers is that not included in this bill is an extension of the EIC, Child Tax Credit and an education credit, all of which are predominantly geared towards lower, lower-middle, and middle-class income families. These tax credits are set to expire at the end of 2012. And if they are allowed to expire, approximately 23 to 25 million Americans will see an increase in their end-of-year taxes. I would love to know what the average wage is of your readership?

    Report Post » Eamon  
  • MAX0O1
    Posted on August 2, 2012 at 2:03pm

    YOU KNOW I get so damn frustrated with the republican party. WHERE THE HELL
    is the ads telling people in no uncertain terms that they have 1The number of passed bills in the house 2What they were exactly 3IN no uncertain terms Dem senate obstruction. AND BIGGEST OF ALL
    HAMMER AND HAMMER the fact that the continuation of TAX CUTS FOR ALL.rich,middle and poor.
    EDUCATE THE PUBLIC DAMMIT!!!!!!!!!

    Report Post »  
    • txdave22
      Posted on August 2, 2012 at 3:32pm

      Romney’s “candidacy remains tested by concerns over his business background and his reluctance to release more of his tax returns.” Both of these issues get to his credibility for some voters.
      The sustained attacks by the Obama campaign on Romney’s tenure at Bain Capital have helped that concern along.
      ———————————–Romney’s own refusal to release more of than two years of his tax returns are contributing to the view that he has something to hide. And I contend that all of this is making it difficult for Romney’s economic message to break through.

      Why should voters trust his plans for job creation if his tenure at Bain was about cutting jobs or shipping them overseas? ————————-Why should voters trust him to fix the tax code in a manner that would be fair to all and not simply the wealthy like him?

      The tax-return issue is especially harmful because he looks shifty, like he has something to hide. His worry that his critics will use them to embarrass him, while understandable, is of no consequence to the American public.
      ——————————-They are asked to produce multiple years of tax returns for plenty of things less important than the privilege of being president of the United States. Romney is asking the American people to trust him with their lives and livelihood. —————————The least he could do is be transparent about his finances.

      But that’s part of Romney’s problem, isn’t

      Report Post »  
  • skimmer57
    Posted on August 2, 2012 at 1:46pm

    Just cut taxes for the rich. They are the job creators. Heck they have had them for 11 years. What a joke alls they do is make the cash and park it in off shore accounts just like Bishop Mitt. They don’t give a rip about anyone but themselves and you people are buying it.

    Report Post »  
    • MAX0O1
      Posted on August 2, 2012 at 2:05pm

      YOU ARE EITHER UN-INFORMED or a LEFTwing hack. I vote for both!!!!!!

      Report Post »  
  • toledofan
    Posted on August 2, 2012 at 10:17am

    I say let it die in the Senate and shut down the government, if necessarry. The House needs to stand it‘s ground and force the Sentate to do it’s job. We haven’t had a budget in over 1000 days and have how many resolutions to keep doing the same old stuff. So, just stop it, go home, take the weekend off, and let the Democrats decide what they are going to do next.

    Report Post »  
    • txdave22
      Posted on August 2, 2012 at 11:16am

      DAVID VITTER FOR VEEP, FREE THE WHOREMONGERS, THEY NEED LOVE TOO

      We’ve heard no CARDINALS, ARCHBISHOPS, PASTORS AND LEADERS OF THE MORMON CHURCH CONDEMN————-WHOREMONGERING AND BREAKING OF THE LAW AND THE COMMANDMENTS???————————–Bill O’Reilly: ‘I Don’t Think Vitter Should Be There. Absolutely Not’
      ————-By Judd Legum on Jun 17, 2011 at 11:10 am
      Yesterday, Anthony Weiner resigned a few days after admitting he sent lewd messages to women he made over the internet. ———————————-Weiner’s announcement came after pressure from Leader Nancy Pelosi, DNC Chair Debbie Wasserman-Schultz, and President Obama. Nevertheless, top Republicans criticized Democrats for “protecting” Weiner.
      ————————–1,432 days ago, Sen. David Vitter admitted to being a regular customer of a prostitution service. ——————–(An activity that is, incidentally, illegal).—————– Days after his admission he was welcomed back with open arms by the Republican party.
      ——————Thus far, the Republican leadership has not been pressed to explain the blatant hypocrisy of their divergent reactions to the two scandals. ———————-Last night, Fox News host Bill O’Reilly weighed in. His message was simple:———————————– “I don’t think Vitter should be there. Absolutely not.”

      Report Post »  
    • KissMyAmericanFlag
      Posted on August 2, 2012 at 12:06pm

      Yup. Let the govt shut down, and let‘s see what’s the best that can happen, such as reveal for funding only necessary ‘services’ to restore our USA to Constitutional limits;-)

      Report Post » KissMyAmericanFlag  
  • myway
    Posted on August 2, 2012 at 8:05am

    Just plain yap! They are not going to do anything. Get rid of *****!

    Report Post » myway  
  • duketurner
    Posted on August 2, 2012 at 7:34am

    I agree. I thought in our nation everyone was created equal and equal rights for all. So why should people who are more successful in making money be treated differently than everyone else. The government already rewards people who are not successful at making money by giving them free this and that, breaks on other things, and a head start over others. Why does a kid whos family makes 15,000 a year deserve a special program to get them into college but the kid whos family makes 50,000 a year doesn’t. The kids are equal, but because one family makes more money, they are basically told their kid somehow has an advantage over the other kid. Why do these politicians want to punish people for being successful and reward people for poor performance. In my opinion it creates a climate where it is better not to try as hard.

    Report Post » duketurner  
  • dgonzalez01
    Posted on August 1, 2012 at 11:16pm

    What we really need is tax reform. A flat tax would be great where everyone is treated equally. The current system is taxation without fair representation. If the tax is progressive then the vote should be as well.

    Report Post »  
    • Ernie52
      Posted on August 2, 2012 at 12:39pm

      I support a flat tax that is collected through a national sales tax. The federal income tax would be abolished. People with more money spend more money so in return, would pay more tax. People with less money buy less and would pass less tax. It’s a far cry from the IRS tax code that makes up enough pages to fill an entire 5000 sf house. With 50% of Americans paying NO tax, somethings got to give….

      Report Post » Ernie52  
  • dgonzalez01
    Posted on August 1, 2012 at 11:15pm

    Harry Reid looks like a nazi in that picture. Not his best picture.

    Report Post »  
    • IOWAGIR
      Posted on August 8, 2012 at 8:50am

      I was thinking he looked like a combo of a weezle and snake. Same as his personality.

      Report Post »  
  • David, the Constitutional Libertarian
    Posted on August 1, 2012 at 10:01pm

    Pfft, another 1 year extension. Yep, those symbolic votes of the Republicans are really helping. /s If they had any balls they would have made it permanent. But NOOOOOO. Got to keep the yearly fight going so that the Dems can keep using this politically……………calling it a tax cut instead of a tax rate increase. Or, they can use the Obama MiniTru descriptor, a negative revenue enhancement.

    Report Post » David, the Constitutional Libertarian  
  • davetrav
    Posted on August 1, 2012 at 9:24pm

    THANK YOU.—–Now stop ObamaCare funding until after the election, so Mitt can repeal it and help save America. We need something like what is already said but 2700 pages need a massive review.
    OBAMA HAS TO GO–VOTE HIM OUT.

    Report Post »  
  • listeninginVT
    Posted on August 1, 2012 at 8:59pm

    I’m just curious, what is the actual percentage of our income paying in ALL the taxes pay, does anyone have the cents on the dollar figure???? This show of the ‘obvious’ tax fight on one specific tax is a joke, we are loosing our money on all the ‘hidden in everything you do’ taxes.

    Report Post »  
    • soybomb315
      Posted on August 1, 2012 at 9:09pm

      @Listeninginvt
      http://www.usdebtclock.org/

      Revenue of $2.36 Trillion versus GDP of $15.28 Trillion….Comes out to 15.3%

      But that is just the federal government. And it does not include the inflation tax

      Report Post » soybomb315  
  • Bernice Durdan-Rowland
    Posted on August 1, 2012 at 8:01pm

    Spkr, you did it for Obama, didn’t you – playing right into his hands – its disgusting…………..

    Report Post »  
    • Look4DBigPicture
      Posted on August 1, 2012 at 8:39pm

      When do we get to fire Boehner …2014???? When he said “hell no you didn’t …” (referencing reading Obamacare) he won my heart. But he’s ended up being a huge disappointment. He AND McConnell have got to go asap!

      Report Post »  
    • celestialfire
      Posted on August 1, 2012 at 11:56pm

      They’ve been busy the last few days, S679 just passed the Senate yesterday..curious if it was just a symbolic vote like the tax cut extension? Why would Republicans vote for efficiency to streamline Presidential appointments rather than go through the Senate approval? http://www.govtrack.us/congress/bills/112/s679

      Report Post »  
  • Truthnjustus4all
    Posted on August 1, 2012 at 7:47pm

    If they‘d cut out the tax deductions and loop holes for the wealthy they wouldn’t need to increase taxes on anyone. I’m sick of the obvious missus of our tax dollars. Ex: Solyndra for just one.

    Report Post »  
  • soybomb315
    Posted on August 1, 2012 at 7:26pm

    quite frankly, i dont care. It is the spending that is killing this country. Tax rates are just a game for the politicians to kick the debt can to the next generation

    Report Post » soybomb315  
    • wvernon1981
      Posted on August 1, 2012 at 7:37pm

      Evidence? Interest rates are at all time lows. We’re still attracting investors at those rates. Clearly, we are still the best bet around in terms of the future expectations of our ability to repay the debt.

      Report Post »  
    • soybomb315
      Posted on August 1, 2012 at 7:51pm

      @wvernon1981
      compared to europe, we are sort of the best looking whore in town. when they panick or realize that the dollar is unstable, they will withdraw their capital and interest rates will skyrocket.

      Also, consider the activity of the Fed. The Fed is accomidating every possible low intrest rate tool because they know a 2% increase will destroy our economy. Did you know that the Fed is buying 60% of our new debt???

      Evidence…..http://www.moneynews.com/Headline/fed-debt-Treasury/2012/03/28/id/434106

      Report Post » soybomb315  
    • progressiveslayer
      Posted on August 1, 2012 at 8:05pm

      SOY Yes the fed is monetizing the debt,something they said they’d never do and is the main reason our system will collapse giving Barry an orgasm and voila his Marxist utopia is created.

      Report Post » progressiveslayer  
  • progressiveslayer
    Posted on August 1, 2012 at 7:16pm

    Tax cuts for all Americans? But what about the half of the country that pays no federal income tax?
    Oh what will their fate be? Maybe slaves to government,receiving money for nothing,all you have to do is keep the communists and socialists in power to keep giving you all the ‘free’ stuff.What will it cost me? Oh nothing really just your pride ,dignity and self worth,but hey the government will take care of you right. Have to keep the folks on the plantation fat and happy.

    Report Post » progressiveslayer  
  • AllLost
    Posted on August 1, 2012 at 7:15pm

    When do we stop calling it a tax cut extension and start calling it the prevention of raising taxes?

    Report Post »  
    • wvernon1981
      Posted on August 1, 2012 at 7:41pm

      Or start calling it an economic stimulus. We’re still borrowing to cover the tax cuts. Therefore, economic stimulus.

      Report Post »  
    • progressiveslayer
      Posted on August 1, 2012 at 7:59pm

      WVERNON1981 Yeah that’s quite a stimulus there,16 trillion in the hole and a real word 23% unemployment rate,yes working real good. You’re assuming government can create wealth,it can’t create wealth it can only destroy wealth through taxation which simply penalizes citizens for their wealth creation and allows government to waste our money on unconstitutional social programs.

      Report Post » progressiveslayer  
    • FloridaRob
      Posted on August 1, 2012 at 9:34pm

      Amen, Alllost! Blaze – please stop perpetuating the language of the left! The “Bush tax cuts” are simply the current tax rate. Period.

      Report Post »  
  • blackfeather
    Posted on August 1, 2012 at 7:13pm

    …and the POS harry reid will make sure to kill it.

    Report Post »  
  • Brother Winston Smith
    Posted on August 1, 2012 at 7:11pm

    Which unconstitutional departments/agencies have been dissolved to cover it?
    Have we discontinued the unconstitutional nation-building we can’t afford?
    Have we disbanded the unconstitutional DHS, “Patriot” Act, TSA, VIPR Teams and drones?
    Have we REMOVED all the criminals who voted for the unconstitutional TARP/Bailouts/Stimulus?
    Have we shifted our support from the LEFTIST, SOCIALIST, PROGRESSIVE Romney, and to nominating CONSERVATIVE, CONSTITUTIONALIST Ron Paul in Tampa?

    Report Post » Brother Winston Smith  
  • LeadNotFollow
    Posted on August 1, 2012 at 7:05pm

    …
    Good job.

    Report Post »  
  • progressiveslayer
    Posted on August 1, 2012 at 7:02pm

    We change the make up of the senate and move FORWARD,I heard a skinny Marxist POS likes to use that word so I thought I’d give it a try,yep sounds better when a capitalist uses it.

    Report Post » progressiveslayer  
  • Inlightofthings
    Posted on August 1, 2012 at 6:56pm

    The last pass boys and girls…come November 7, you better plan to come to WORK!!!

    Report Post »  
  • trolltrainer
    Posted on August 1, 2012 at 6:53pm

    senate will not even vote on it and left will call Republicans obstructionists…

    Yawn…I have seen this one a few times now…

    Report Post »  
    • Verceofreason
      Posted on August 1, 2012 at 7:00pm

      But those Republican still have to waste the time and money for the folks back home.

      Report Post » Verceofreason  
    • trolltrainer
      Posted on August 1, 2012 at 7:04pm

      Sure! You have to do your job. Something the dems have not figured out it seems. Instead they don’t do anything then blame everyone else for nothing getting done. The sad part is a great many Americans are too stupid to see it.

      Report Post »  

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