Politics

Fiscal Cliff Measure Passes in the Senate

A fiscal cliff deal has been reached. The U.S. Senate passed legislation that blocks a tax increase for everyone and blocks spending cuts for 2 months (that’s another battle looming, smh).

The Senate voted 89-8. Liberals and Tea Party peeps alike are unhappy (as usual) that there has been some sort of agreement between the Democrats and Republicans. The House still has to vote on it before Wednesday.

The left is upset at Pres. Barack Obama for “caving in” — and the right is upset that there was any agreement to begin with.

From AP:

The Senate has passed legislation to block the impact of across-the-board tax increases and spending cuts that make up the fiscal cliff.

The vote was an overwhelming 89-8 and came well after midnight on New Year’s Day.
A House vote is expected before Wednesday.

The White House-backed legislation would prevent middle-class taxes from rising, and raise rates on incomes over $400,000 for individuals and $450,000 for couples.

It also blocks spending cuts for two months, extends unemployment benefits for the long-term jobless, prevents a 27 percent cut in fees for doctors who treat Medicare patients and prevents a spike in milk prices.

A last-minute addition would also prevent a $900 pay raise for members of Congress from taking effect in March.

Fiscal Cliff Measure Passes in the Senate

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