Way Cleared For Tax Cut Bill; Energy Breaks Added

Source: Associated Press

WASHINGTON (AP) -- The White House and key lawmakers in both parties cleared the way Thursday night for swift Senate action to avert a Jan. 1 spike in income taxes for most Americans, agreeing to renew expiring breaks for ethanol and other forms of alternative energy.

Tax provisions aimed at increasing production of hybrid automobiles, biodiesel fuel, energy-efficient homes, coal and energy-efficient household appliances would be extended through the end of 2011 under the bill, according to a summary that circulated in Congress.

Officials said debate could begin on the measure within hours. There was no timetable for a final vote, but the decision to expand the scope of the original bill capped days of secret negotiations aimed at increasing support.

Read more: http://hosted.ap.org/dynamic/stories/U/US_TAX_CUTS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2010-12-09-19-37-20

MORE TAX GIVE-AWAYS TO THE FUCKING RICH!

"Tax provisions aimed at increasing production of hybrid automobiles, biodiesel fuel, energy-efficient homes, coal and energy-efficient household appliances would be extended through the end of 2011 under the bill, according to a summary that circulated in Congress."

I CAN'T AFFORD A HYBRID CAR BECAUSE I'M UNEMPLOYED
I DON'T USE BIODIESEL, AND CAN'T AFFORD A CAR THAT DOES.
I CAN'T AFFORD NEW APPLIANCES EITHER

But the rich sure as hell can, and we'll just keep shoveling money into their fucking pockets and shitting on the poor and middle class.

what bullshit. They are going to get every fucking dime they can. These fuckers would steal the pennies off a dead corpse.

they're willing to take Social Security pennies off LIVE ones

pitiful, just pitiful

Of course if you want to pay $200 / barrel we can buy big ole suvs.

Sheesh...Same old...Same Old.

It's just another sop to the rich.

This is getting worse, not better.

Pennies on the dollar in terms of returns for our side. "Here, you give us 4 trillion dollars in tax cuts for billionaires, and we'll give you a half billion dollars worth of ______"

cat food commission meets with the White House today to discuss deficit cuts. Fuck them all

I'm mot seeing anything about it on Olberman's show, the lead on the show is still Pelosi says no vote till changes, nothing about any changes at all.

There is a post in GD by a poster named somone that has the link from the LA Times I believe.

This will end SS no matter what you enablers keep trying to feed us with the LIES that it won't hurt it. Even some of the PUKES are honest enough to admit it.

It doesn't mean the House will end their opposition right? This just says the Senate, not the House. I was hoping however that the Senate take a courage pill and stand up with their House colleagues.

This is just the lame duck session. Repuglicans will pass it in early January anyway.

I knew they would do the right thing in the end!!

in terms of it as a piece of "RIGHT WING" crap. But morally it is bankrupt.

"Grassley's staff held out for the tax credit against strong pressure. A bipartisan coalition of Democrats and Republicans in the Senate earlier called for ending the tax credit, which will cost more than $5 billion this year. Grassley and other supporters of the ethanol industry have argued that the tax credit creates jobs and adds more to the economy than any federal savings if the credit expired."

http://www.agriculture.com/news/policy/grassley-gets-45cent-ethol-tax-credit_4-ar12694

I hope to the gods that this bill gets killed.
It is so stuffed with rethug pork that it has a curly tail.

Oh good, that's just what we need more of right now :eyes:

WTF has happened to this administration?

The ethanol raises costs for the average consumer and doesn't help the environment.

The hybrid autos haven't paid yet. They do save energy, but not that much compared to the huge subsidy, and much less than if that subsidy were diverted to other uses (such as conservation efforts). Energy-efficient homes helps somewhat and is better than the first two, but at this point this subsidy is really aiding those who don't need the money that much.

We are just locked into giving money to corporations. All you hear is corporate oinking. We've made lobbying Congress the most profitable industry in the country.

I am so tired of this. The ethanol is really BAD policy.