Editor’s Note – Further proof that Washington, DC is simply ignoring the American people, the Senate passes yet another stimulus bill aimed at bailing out Democrat election hopes more so than small businesses.
This stimulus was nicely sold as a “tax package”. It truly is an amazing talent the left has in playing on words.
And, almost surprisingly, Florida Senator George LeMieux provided the necessary vote to pass the legislation. I say almost surprisingly, because, at this point, it’s almost impossible to be surprised by anything coming from Capitol Hill. Yes, this is the same George LeMieux that was appointed by Charlie Crist…
Wonder what other surprised LeMieux may have for us before November?
Senate Approves $30 Billion Small Business Tax Package
By Meredith Shiner
Democrats were able to deliver President Barack Obama a significant legislative victory Thursday when the Senate voted to approve a long-stalled $30 billion small business tax package, in what is probably the last real economic stimulus measure before the midterm elections.
With the help of Republicans George Voinovich of Ohio and George LeMieux of Florida, Majority Leader Harry Reid (D-Nev.) was able to push through the legislation, 61-38. The measure includes a new Treasury-backed loan facility for small-business owners and major tax breaks for businesses over the next two years.
“I couldn’t find a reason to be against it, I could only find reasons to be for it,” LeMieux told POLITICO after the vote. “I tried to make the case for it [to other Republicans]. All I can do is make the best case for it that I can. But when I look through the principles that are important to me: 1. Does it increase the deficit which is cascading out-of-control; 2. It doesn’t raise taxes; 3. It, in fact, cuts taxes for small business and provides these loans, which will be paid back. The federal government will actually make money on it.”
Read more: http://www.politico.com/news/stories/0910/42276.html#ixzz0zjmaNFo4
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