
It’s Over…For Now
A little after midnight last Wednesday, Congress, both the House and Senate, adjourned until after Election Day. Apparently, we will come back for a "lame duck" session starting November 15th. This adjournment occurred earlier than had originally been planned, as a majority of Democrats were desperate to get home and campaign.
Normally, and particularly with this Congress, any time the House and Senate are out of session, the nation is much better off than when we are in session spending money, raising taxes, restricting freedom, and killing jobs. However, Congress left town last week leaving one major piece of work undone. On January 1, 2011, the largest tax increase in American history will occur unless Congress acts. All Republicans and dozens of Democrats in both houses have publicly stated that they support extending the current tax rates for ALL taxpayers, at least for a couple of years. Based on these announcements, it is pretty clear that a bill to extend all of those rates would pass both houses should a vote be taken today. But, in a demonstration of the importance of who it is that holds the gavel of Speaker and Majority Leader, Pelosi… Read More