Tax Vote Looms

Wednesday, December 15, 2010 - 11:17am

The deal on taxes may be headed for final approval in the Senate today.

Despite concerns about tax breaks for the rich, the Senate is under the gun.

Iowa Senator Tom Harkin said, "They don't need it and we can't afford it."

"I'm going to vote no," said Colorado Senator Mark Udall.

Idaho Senator Mike Crap said, "The time for gridlock is gone."

"We had to move forward on this," said California Senator Barbara Boxer.

Today they will likely approve the deal that prevents a New Year's tax hike amounting to three thousand dollars per household.

But that's only half the battle. House Democrats still want to fight the generous Estate Tax.

Washington State Representative Jim McDermott said, "It should be stopped right now. We have to stop shoveling money out."

Republicans warn they won't go for any changes.

Senate Minority Leader Mitch McConnell said, "This agreement is not subject to being reopened."

Today President Obama pitches the deal to big business leaders at GE, Dow and Pepsi, encouraging them to start hiring and investing.

White House Press Secretary Robert Gibbs said, "They'll want to know what steps we're taking to ensure that those tax credits are there."

The President will insist this deal creates jobs but Democrats are skeptical that tax breaks for the rich will put the middle class to work.

Oregon Representative Peter DeFazio said, "How many jobs will that create? Zero, goose egg. none!"

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