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Obama’s Tax Plan Blocked By Senate

December 5, 2010 by Alyssa Anderson in Politics

President Obama’s controversial tax-break plan was stopped cold by the Senate at the end of last week. Obama’s tax proposal was to extend already existing tax cuts only for couples making less than $250,000 but ending cuts to those making more.A bipartisan filibuster proved that “there isn’t enough support to back Mr. Obama’s preferred option” of lowering taxes for the middle classes but raising taxes for the upper echelons of society. A unified republican opposition joined by four Democratic Senators and one independent blocked the tax-plan. Now both sides of the aisle need to come back together and create a more viable deal.

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About Alyssa Anderson

Alyssa Anderson has been involved in the world of business on several levels for many years. She was the CEO of a start-up high-tech company until its purchase by a global on-line e-business. Alyssa helped formulate marketing strategies for several other companies as an independent consultant, and she has advised local government on methods to achieve appropriate fiscal responsibility. Her opinions are well known through her many editorials which have been published throughout her career in a variety of local and national print media. She has been heard on radio discussing current issues affecting the business community and Alyssa hopes to bring her special brand of commonsense coupled with uncanny insight into her editorial responsibilities as the Business Page editor for Left Justified. Contact Alyssa at alyssa(at)leftjustified.com.

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