Obama's Soak the Rich Plan Blocked by U.S. Senate

Senate Dems Kill Obama’s Tax Plan

In a shocking repudiation of President Obama’s “soak the rich” economic plans, Senate Democrats today blocked a vote on President Obama’s proposal to raise taxes on those earning more than $250,000 per year. Senate Republicans had proposed an immediate vote on the measure. In fact, they proposed two votes: one to extend the Bush tax cuts in their totality, the other to raise taxes as per Obama’s plan. “My recommendation is we give the president what he asked for,” said Senate Minority Leader Mitch McConnell.

The strategy for McConnell and Republicans is simple: they want to show Americans that even Democrats recognize that the Bush tax cuts ought to be extended for all Americans. And Democrats want to avoid that vote, so they can continue posturing and conducting class warfare.

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-- Political Pistachio Conservative News and Commentary