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Posted On: 12/12/2018 9:21:22 PM
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Get ready to be taxed by the rats!
House Dems Cave To Progressive Faction By Scrapping Rule To Cut Down On Tax Hikes.
House Democrats caved to their progressive wing Tuesday and decided to scrap a rule that would have required a three-fifths supermajority vote to pass any new tax hikes.
Democratic New York Rep.-elect Alexandria Ocasio-Cortez celebrated the move.
“When I first won, folks said we were too naive, inexperienced, and uninformed to be effective,” Ocasio-Cortez wrote on Twitter Tuesday. “Yet in our first weeks, we elevated Green New Deal to national urgency, secured 30 cosponsors on a Select Committee, and helped stop a bad tax rule. I’d say we’re off to a good start.”
Progressives wanted to do away with the rule completely to use tax hikes to fund programs like Medicare-for-all or tuition-free public colleges, which were two items on Ocasio-Cortez’s platform, reported The Washington Post. Other Democrats including House Minority Leader Nancy Pelosi wanted a compromise: Cut back the rule so that it does not apply to corporations and America’s most wealthy 20 percent of citizens, essentially making easier to raise taxes on them.
https://dailycaller.com/2018/12/12/democrats-...le-change/
House Dems Cave To Progressive Faction By Scrapping Rule To Cut Down On Tax Hikes.
House Democrats caved to their progressive wing Tuesday and decided to scrap a rule that would have required a three-fifths supermajority vote to pass any new tax hikes.
Democratic New York Rep.-elect Alexandria Ocasio-Cortez celebrated the move.
“When I first won, folks said we were too naive, inexperienced, and uninformed to be effective,” Ocasio-Cortez wrote on Twitter Tuesday. “Yet in our first weeks, we elevated Green New Deal to national urgency, secured 30 cosponsors on a Select Committee, and helped stop a bad tax rule. I’d say we’re off to a good start.”
Progressives wanted to do away with the rule completely to use tax hikes to fund programs like Medicare-for-all or tuition-free public colleges, which were two items on Ocasio-Cortez’s platform, reported The Washington Post. Other Democrats including House Minority Leader Nancy Pelosi wanted a compromise: Cut back the rule so that it does not apply to corporations and America’s most wealthy 20 percent of citizens, essentially making easier to raise taxes on them.
https://dailycaller.com/2018/12/12/democrats-...le-change/
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