{"id":17770,"date":"2010-12-16T10:42:42","date_gmt":"2010-12-16T17:42:42","guid":{"rendered":"http:\/\/uprisingradio.org\/home\/?p=17770"},"modified":"2010-12-16T10:46:09","modified_gmt":"2010-12-16T17:46:09","slug":"matt-taibbi-and-bernie-sanders-on-obamas-tax-cut-deal-with-gop","status":"publish","type":"post","link":"https:\/\/uprisingradio.org\/home\/2010\/12\/16\/matt-taibbi-and-bernie-sanders-on-obamas-tax-cut-deal-with-gop\/","title":{"rendered":"Matt Taibbi and Bernie Sanders on Obama&#8217;s Tax Cut Deal With GOP"},"content":{"rendered":"<ul class=\"inline-playlist playlist\" title=\"\"><li><a href=\"http:\/\/www.archive.org\/download\/DailyDigest-121610\/2010_12_16_uprising.MP3\">Listen to the entire program<\/a><\/li><\/ul>\n<p><img decoding=\"async\" align=right width=60% src=\"http:\/\/farm6.static.flickr.com\/5049\/5249314001_ceb472041f.jpg\" alt=\"bernie sanders\" \/>The Senate yesterday passed the Middle Class Tax Relief Act by an 81 to 19 vote. The bill passed by a wide margin despite resistance from the left and right\u2014including a nine-hour rebuke last week from Independent Vermont senator, Bernie Sanders. The controversial legislation was then quickly ushered into the House for consideration within hours where it is expected to be voted on today. Championed by President Obama and the Republican leadership as a compromise, the deal contains, among other things, a two year extension on the Bush-era tax rates for all, including the super-rich, a 13-month extension on unemployed benefits, and a temporary reduction to the Social-Security-funding payroll tax. Two Republican Senators offered amendments to the bill: Oklahoma\u2019s Tom Colburn wanted to cut spending to pay for extending unemployment benefits, while South Carolina\u2019s Jim DeMint even attempted to permanently extend the Bush tax cuts and do away with the Estate Tax altogether. The Senate voted down both amendments. Independent senator Bernie Sanders tried to amend the bill to make it more progressive: extending tax cuts for the bottom 98% of Americans, reforming the Estate Tax, preserving the payroll tax, and more. But his amendment was also voted down before the bill ultimately passed. However the Senate version accidentally omitted a low income housing tax credit for Hurricane Katrina and Rita survivors. Disgruntled Democrats, wanting to alter the current estate tax provision and fiscally conservative Republicans who vowed not to accept any changes to the Senate\u2019s version could use the omission to derail the bill from its fast-tracked course to the White House. <\/p>\n<p><em>GUEST: Matt Taibbi, contributing editor of Rolling Stone Magazine, author of The Great Derangement, Spanking the Donkey, and Smells Like Dead Elephants. His latest book is Griftopia: Bubble Machines, Vampire Squids, and the Long Con that is Breaking America<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Senate yesterday passed the Middle Class Tax Relief Act by an 81 to 19 vote. The bill passed by a wide margin despite resistance from the left and right\u2014including a nine-hour rebuke last week from Independent Vermont senator, Bernie Sanders. The controversial legislation was then quickly ushered into the House for consideration within hours [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-17770","post","type-post","status-publish","format-standard","hentry","category-daily-program"],"_links":{"self":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/17770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/comments?post=17770"}],"version-history":[{"count":0,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/17770\/revisions"}],"wp:attachment":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/media?parent=17770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/categories?post=17770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/tags?post=17770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}