December 8th, 2010, Washington, DC–From ALG News’ Capitol Hill Correspondent Rick Manning:
The tax cut compromise has gotten a chilly response for House Democrats, and appears to have some significant problems in the Senate as well. Senator Jim DeMint’s concerns that the additional unemployment insurance extension is not paid for as well as the resurrection of the death tax are sure to be talking points among conservatives and fiscal hawks, and outgoing Senator George Voinovich supports allowing taxes to skyrocket when the ball drops in Times Square.
Obama’s emergency press conference revealed a President who clings to the campaign, “back of the bus drinking a slurpee” rhetoric, equating Republicans who don’t roll over to suit his political whims as “hostage takers”. Not exactly language that will create a positive working relationship in the upcoming two years with the House Republican majority.
Ultimately, for all the squawking in the House by the outgoing Speaker and her minions, they will do a deal because they have no power in January. It is likely that Harry Reid and Mitch McConnell cobble together 60 votes, with both knowing that this will be a preview of the next two years as Republicans try to impose some fiscal sanity on Washington.
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