December 9, 2010

UNHAPPY DEMOCRATS SAY TAX BILL LIKELY TO PASS

Unhappy Democrats say tax bill likely to pass as White House warns of possible recessionSlowly, painfully and reluctantly, congressional Democrats are slogging their way toward acceptance of President Barack Obama's tax cut compromise, which would let rich and poor Americans keep Bush-era tax cuts that were scheduled to expire this month.

After Obama publicly defended the plan for a third day Wednesday, and Vice President Joe Biden met with Democratic lawmakers in the Capitol for a second day, several Democrats predicted the measure will pass, mainly because of extensive Republican support. Rep. Barney Frank, D-Mass., predicted the tax cut compromise "will be passed by virtually all the Republicans and a minority of Democrats." He said he would vote against it.
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