GOP Folds, Obama Skips Town Without Signing Fiscal Cliff Bill

2 Jan

Who’s Surprised?

The House voted late Tuesday night on a package to avoid income tax increases for most Americans, allowing rates to rise on incomes exceeding $400,000 for individuals and $450,000 for couples. The wide-ranging deal, approved by the Senate earlier, delayed for two months billions in budget-wide cuts.

The White House had no immediate update on when Obama would receive and sign the bill.

Meanwhile – Americans voted for higher taxes – and that’s what they’re going to get…

Senate-Passed Deal Means Higher Tax on 77% of Households

More than 80 percent of households with incomes between $50,000 and $200,000 would will pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635, the policy center said. A 2 percent payroll tax cut, enacted during the economic slowdown, is being allowed to expire as of yesterday.

The Obama Tax “Cuts”… nice work America

via Drudge

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