Today the US House of Representatives voted and passed H.R. 9, the Small Business Tax Cut Act which would provide a 20 percent tax cut for business owners with less than 500 employees.
The vote was 235-173 with 18 Democrats and 10 Republicans crossing party lines. The bill will now advance to the Senate where it will simply fade away.
The nonpartisan Tax Policy Center said that 49 percent of the tax breaks in the Small Business Tax Cut Act would go to taxpayers with incomes exceeding $1 million.
“This is not about mom and pop,” said Rep. Sander Levin (D-MI), “It’s about popping the cork for wealthy taxpayers.”
Since this is an election year, the legislation was disguised to promote small businesses, when in reality it was more of the same, another tax cut for millionaires and billionaires. Republicans crafted the Bill so that the vote would be predominantly along Party lines. The real motive for this legislation is politics, republicans can now say that their opponent voted against a tax cut for small businesses and democrats will have to defend their vote by saying it was another attempt by the republicans to give tax breaks to the rich.
And within moments of the final count on the vote, the recently appointed Nevada Senator Dean Heller (R-NV), used the Nay vote of Congresswoman Shelley Berkley (D-NV) as a talking point against her. Congresswoman Berkley is running for the US Senate seat that Heller currently occupies. Heller was appointed to finish out the term of former Senator John Ensign (R-NV) who resigned due to his lack of ethics and morals.
Senator Heller’s campaigned released the following statement:
“In Nevada, candidate Shelley Berkley said she supports tax breaks for businesses. But back in Washington DC, within a matter of minutes, the seven-term Congresswoman voted against Nevada’s small businesses—twice. This blatant hypocrisy would be astounding if it weren’t something we’ve come to expect from Congresswoman Berkley,” said Chandler Smith, Heller for Senate spokesperson.
Senator Heller and the rest of the Republican Party ignore the poll numbers that show that 79 percent of American voters overwhelmingly support raising taxes on millionaires and billionaires and they overwhelming support ending tax cuts for those same millionaires and billionaires.
On Monday of this week, Dean Heller voted against the Buffett Rule that would have raised taxes on investment income for those same millionaires and billionaires. It is clear to even a blind man that the Republican Party doesn’t care what the vast majority of Americans want, the Republican Parties only concern and allegiance is to those who have the most money.
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