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(980 posts)
13. Sen. Bernie Sanders speaks for 8 hours against tax cuts, while Congressional Black Caucus joins oppo
Sat Jan 23, 2016, 04:01 AM
Jan 2016

Vermont's Sen. Sanders rails against tax deal
Sen. Bernie Sanders (I-Vt.) made a marathon 8 1/2-hour Senate speech railing against President Barack Obama's proposed tax cut compromise. The 69-year-old said 'tax breaks to millionaires and billionaires who don't need it' were unconscionable.

"We are simply here to say that we want a fair deal," said Rep. Donald M. Payne (D-N.J.). "You know, there was the New Deal under Roosevelt, and then there was a Fair Deal under Truman. Every new deal is not necessarily fair, and we see this new deal as not necessarily fair."

Payne was joined by other members of the Congressional Black Caucus - considered President Obama's most loyal backers - who announced that the "vast majority" of caucus members would oppose the plan as it is currently drafted.

Along with many other liberals, the CBC members said the estate tax provisions went too far, exempting up to $5 million per person and setting a top rate of 35 percent for larger estates.
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That comes in addition to the two-year extension of all the Bush-era tax breaks, despite repeated pledges by Obama to only extend those benefits to the middle class.

So you're arguing that tax cuts for the rich are a good thing?

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