The House of Representatives just concurred with the Senate amendments to H.R. 8, legislation that favors liberal tax ideology and includes no spending cuts. The bill passed by a vote of 257-167 at 11:00 PM eastern time. Tonight is a sad evening for conservative Americans. We have just seen Republicans in the House cave to the minority Democrats, some of whom did so on their way out the door. The 113th Congress opens at noon this Thursday, and I hope this is not a prelude to what is to come.
If the Democrats were so bent on letting taxes increase on those who are the most successful, then they would be willing to make some serious cuts in spending, as well. The Republicans should have given the Democrats in the House of Representatives an ultimatum, calling for serious spending cuts before giving them what they want regarding taxes. The plan the House just passed lets taxes balloon to 39.6% for those individuals making at least $400,000. It also cancels the sequestration of spending cuts, and extended unemployment benefits. The extension of unemployment benefits is the most liberal part of this legislation. This means Americans who are out of work are going to continue to receive their free ride, without any incentive to look for work. I believe allowing the unemployment benefits to expire would give some folks a little more motivation to find work. Instead, the House just reinforced the hammock that has been created out of what was originally intended to be a safety net. I am with the 167 members who voted against this legislation, of them is Rep. Darrell Issa (R-CA). Hopefully the new class of conservatives in the 113th Congress will not be so quick to fold to Democrats' demands.