Leo W. Gerard: Hey, GOP: Give the 99 Percent Some Lovin'
...Democrats proposed offsetting the cost of the extension with a 3.25 percent surtax on 350,000 millionaires and billionaires -- the 1 percent.
That confronted lawmakers with this choice: Slightly increase taxes on the nation's richest 350,000 or raise taxes on 160 million workers by allowing the payroll tax break to expire.
In the U.S. Senate, Democrats and one Republican, moderate Susan Collins of Maine, voted to give the 160 million the break, for a total of 51 votes, more than half. Every other Republican in the Senate sided with the nation's richest 350,000, providing enough votes to defeat the tax break for the 99 percent - not by a majority but by filibuster...
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