KGOU Pledge Online Today!Follow Us at FacebookLive Streaming
News
Inhofe, Coburn Split Votes on Tax Bill (Dec 15, 2010)

Washington - The U.S. Senate today passed the President Obama-backed tax deal by a vote of 81-19. The bill extends a number of the Bush-era tax cuts for two more years while also reducing Social Security taxes and extending jobless benefits.

Oklahoma’s two Republican Senators spit their votes on the bill. Jim Inhofe voted yes, saying, though the deal isn’t perfect, he could not in good conscience vote against a measure of which 94 percent is tax benefits for individuals and families.

But Tom Coburn was one of only five Republicans to vote against the bill.

Coburn’s vote came after the Senate rejected his amendment to offset a portion the bill’s cost through a 156 million dollar spending reduction over five years.

Coburn says even a perfect tax deal would not be enough to dig the country out its debt crisis if Congress isn’t willing to reduce the size and scope of government.

The tax bill now moves to the House, where leaders expected it to ultimately pass despite complaints from Democrats over a provision allowing estates as large as $10 million to pass to heirs tax-free.

 



« back

NPRPRIBBCOU OutreachKGOU
Sponsors

High Speed Low Speed streaming issues High Speed Low Speed streaming issues