Wednesday, December 8, 2010

Tax Revolt in the House

"Disappointment," said Congressman Weiner,
"Among Democrats couldn't be keener;
This tax compromise
Gives a plummier prize
To those for whom pastures are greener."    

President Barack Obama faced a potential revolt by the Democratic members of the House of Representatives, after his tax cut compromise with Congressional Republicans handed what many considered to be outsized rewards to the wealthy; in particular, the lowering of the estate tax rate to 35% was galling to members such as Rep. Anthony Weiner (D-NY).

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