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Senate Democrats ready to move $400 billion in new legislation

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 11:17 AM
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Senate Democrats ready to move $400 billion in new legislation

Senate Democrats ready to move $400 billion in new legislation

By Alexander Bolton

After failing to reach a deal to reduce the deficit, the Senate will move next month to take up legislation that could add more than $400 billion to the deficit.

All of the proposals, such as the extension of the payroll tax cut and unemployment insurance, are popular but come with no agreement on how to pay for them.

Senate Democrats will go on offense next week by forcing Republicans to vote on extending and expanding the payroll tax cut, which accounts for $240 billion of the tab, according to Democratic and Republican aides. Lawmakers will take up the legislation after completing work on the Defense authorization bill.

Senate Majority Leader Harry Reid (D-Nev.) has yet to announce an offset for the measure, but he has discussed matching it with a tax increase for millionaires. Such a vote would be intended to hammer home the message that Republicans are out to protect the rich, though it leaves Democrats vulnerable to arguments about class warfare.

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Tarheel_Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 11:35 AM
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