Republicans Screw the Little Guy Again

Senate Republicans blocked a Democratic bid to debate legislation that would stop an alternative minimum tax increase this year on 23 million American households.

The legislation included a $54 billion tax increase on managers of hedge funds and buyout firms that Democrats said was needed to keep the federal budget balanced. Republicans said Democrats shouldn't raise taxes permanently on Wall Street executives to relieve burdens on middle-income Americans for only one year. The vote to debate the measure was 46-48, 14 votes short of the 60 necessary to proceed.

Thank you, Republican Party for standing up to millions of Americans who wanted some tax relief in order to protect the obscene paydays of a small group of Wall Street contributors.

"Every generation needs a new revolution." - Thomas Jefferson