Dems' Tax Bill Moves Toward U.S. Senate Vote

Ad Feedback

A new Democratic plan to extended unemployment benefits may face a tough vote in the Senate because of its cost.

The measure would raise government spending by more than $120 billion over the next decade, and it would add $80 billion to the deficit.

The bill would also increase taxes, especially those on small businesses.

Forbes Magazine reports the new taxes would amount to $11 billion over the next ten years.

The bill has already passed the House, but Senate Democrats may not be able to get any Republicans to support it. That could prevent the measure from moving ahead.

Republicans have offered an alternative to the bill that would extend unemployment insurance for 30 days, but without the controversial tax raising provisions.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

 CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.