Via The Last Refuge:
But most Republicans were spineless twits…. as expected (vote tally at bottom)
“Mark my word, you’ll raise tax rates and you feel good because you went out there and you got those rich people. You said you were. You campaigned against rich people. And you got enough envy whipped up in the country. And you’re going to stick it to those rich people. But guess what? You may not get any more revenue. You may not get anymore economic growth. But you can say, “I stuck it to the rich people.””
Senator Marco Rubio of Florida says the Senate’s fiscal-cliff compromise, which passed the upper chamber early Tuesday, was a political mistake.
“I just couldn’t vote for it,” Rubio told reporters. “I ran, just two years ago, on the idea that I wanted to be part of solving the long-term problems this country faces. Time and again, we’re given choices here that don’t involve that.”
“The real fiscal cliff is still there,” he said. “We’ll be back here again. In March, we’ll have a showdown like this all over again.” (link)
That was all President Obama wanted…. Get a bill passed in the Senate, and even if it does not pass the house, he can blame Republicans for being “extremist and obstructionist”…. That was/is the goal all along.
The White House boasted over the wind energy incentives they were able to include in their Senate fiscal cliff plan. The fiscal cliff budget package approved by the U.S. Senate today will provide a one-year extension of the wind production tax credit.
Extension of renewable energy incentives, the R&E tax credit and other business incentives: The agreement extends tax relief for businesses through the end of next year. This means extending the Production Tax Credit, a key incentive for renewable energy that many Republicans had been trying to end, as well as the Research & Experimentation tax credit. In addition, the agreement extends 50 percent bonus depreciation, a cost-effective temporary measure to support investment and growth. All of these would be extended through the end of 2013.