Obama’s Tax Plan Blocked By Senate
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.