Senators Reid and Ensign split on Tax Cuts for the Rich - Las Vegas Democrat | Examiner.com
In a special Saturday Senate session Senate Majority Leader Harry Reid held two votes regarding the Bush tax cuts that are set to expire at midnight December 31.
The first vote was to extend tax cuts for the middle class families making under $250,000 and let the unfunded Bush tax cuts for everyone above that number revert back to the tax rate under former President Bill Clinton of 39.6 percent.
The second vote raised the $250,000 to $1,000,000 and under to maintain the current tax rate and anyone making more than $1 million have their tax rates revert back to 39.6 percent.
Both votes only received 53 yeas, with every republican in attendance voting no and with a few democrats joining them. 60 votes are needed to end the filibuster and send the legislation to the full senate floor for debate and a final vote that would only require a simple majority to pass.
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