The GOP controlled House didn't have enough votes to put through the Plan B, that would keep the current tax rates in place for everyone up to $1M in annual income. Accordingly, the vote has been cancelled.
The GOP is definitely the party of dumb. I know enough to know that having the tax rates go up those who earn $1M and more is a better deal than having them go up on everyone. Apparently, the TRUE conservatives just decided that principle is more important. They're wrong. You retreat and take what you can get when you don't have the strength to win a battle. Failing to recognize this is what led to Pickett's Charge. Enjoy your "principle" now boys, you're about to get slaughtered.
If the House had passed "Plan B", the onus would have been on the Senate and Executive to fall into line. However, having DONE NOTHING, the Republicans play right into Obama's hands here.
Merry Christmas you "True Conservatives". Thanks for being the party of stupid, once again. So, bottom line: Everyone's taxes are going up in 2013. Happy New Year.
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