Republicans fight to get tax cuts through

Republicans fight to get tax cuts through
Posted 11/15/2005 8:58 PM

WASHINGTON (AP) — Republicans labored to advance their tax cut plans Tuesday, failing to muster enough GOP support in the Senate to extend tax cuts for capital gains and dividends beyond their 2008 expiration.

The Senate Finance Committee voted 14-6 to endorse a package that would cut taxes by $60 billion over five years but would omit a GOP priority of preserving reduced tax rates for investment income. Sen. Olympia Snowe of Maine, a moderate Republican holding a pivotal vote on the committee, rejected the extension.

"The reality is, this is a very different world than where we were even six months ago," Snowe, said, pointing to budget deficits, rebuilding efforts along the hurricane-ravaged Gulf Coast, ongoing operations in Iraq and rising energy costs.

Other Republicans reluctantly voted for the bill, bemoaning the need to abandon the extension but pledging to reinstate it before the legislation hits President Bush's desk.
(snip/...)

http://www.usatoday.com/news/washington/2005-11-15-tax-cuts_x.htm

... that one wonders if they have a contract with their fatcat contributors--if they don't deliver, the campaign contributions won't get delivered, either....

Did any Dems vote for it?

I hope this will die on the floor.......

This is exactly why Bush is going to China, "Please keep buying up our bonds and please don't cash them in China" These asshats are taking "Starving the beast" to a whole new level, Grover Norquist must be thrilled!