According to Bloomberg Press, Senate Majority Leader Harry Read (D-NV) is predicting that the final vote for the tax cut deal with be held on Saturday the 11th and that opposition by the house Democrats should not delay their vote. House democrats are more or less aggravated due to be held in the dark on this deal, consisting of backroom meetings between Vice President Joe Biden and Sen. Mitch McConnell. Most are not even arguing the content!
Rep. Gregory Meeks of NY is arguing that the deal breaker for him is the estate tax. The estate tax is a tax that we were not even relying on over the past year and thus can have no negative effect in the budget deficit, it is the least of the concerns in the bill. It is clear to me that Democrats are simply arguing just to be heard, probably an effort to make it look like they gave up a fight, but why? Most of them already lost their seats this past election.
In an interview yesterday, Reid replied that "he hopes the bill will pass," and it looks to. The bill has most of the republican support lagging only from those who believe the cuts should be permanent, along with Democratic support from Senate leaders such as Senator John Kerry (D-MA).
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