Friday, August 04, 2006

Senate Rejects Minimum Wage Hike, Estate Tax Cut

Kai Sandvig
August 04, 2006

Senate Democrats late Thursday refused to accept a bill raising the nation's minimum wage because the bill also would have eliminated the "death tax" on estates up to $5 million.

Republicans needed 60 votes to cut off debate and bring the bill to a vote -- but in the end, they managed to muster only 57 votes.

Furious Democrats called it "sham" legislation and they accused Republicans of "trickery."

"Americans are too smart to be tricked into foregoing middle class tax relief, so America can borrow hundreds of billions of dollars to give tax breaks to a wealthy few," said Senate Minority Leader Harry Reid (D-Nev.).

According to Reid, the bill would have "bankrupted" the country by adding $800 billion to the national debt.

"It's unimaginable Republicans would deny millions of small business a research and development tax credit, it's unimaginable Republicans would deny 15 million workers a $2.10 raise, it's unimaginable Republicans would deny millions of middle class families tax relief, if 8,000 of their wealthy friends don't get billion-dollar tax breaks first," Reid said.

Reid said the American people will "see through these political games."

full article

Rethuglicans will get that "death tax" eliminated some how. Mark my words...

Reid said: "Americans are too smart to be tricked..." and "see through these political games." Are you sure about this, Harry? I think a high percentage of Americans are pretty much gullible and will swallow just about anything. The last six years has proven that.