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Senate Kills Reid Bill, New Obama/McConnell Bill Appears

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simoom7/31/2011 12:29:37 pm PDT

re: #133 Obdicut

I hope that they do include the triggered taxes along with the cuts. That’d be nice. I doubt it’ll happen, though, I think the Tea Party is too drunk with power right now and will be able to prevent any taxes being present in the bill at the moment.

I don’t think it should be part of the current legislated trigger, just something the Dems eventually declare as part of the trigger months from now (since you could blow up the current deal and make the GOP make demands around the Bush Tax cuts to pass the debt ceiling increase). Since the Dems have full control over whether or not they’re allowed to expire they can raise them as a trigger consequence whenever it politically best suits them.