The tax rate compromise cleared a Senate hurdle today. The motion to move forward towards a vote on the tax legislation won out and passed the 60 vote threshold. The vote remains open, because some Senators are late to the Capitol due to harsh weather conditions in their respective states.
Senate Minority Leader Mitch McConnell, Kentucky Republican, came to the floor this afternoon announcing his support for the tax legislation, saying “”Americans aren’t interested in scapegoats. They’re interested in regaining our prosperity.
President Barack Obama addressed reporters later in the day after the legislation picked up over 60 votes of support.
“This proves that, in fact, both parties can work together to grow our economy and look out for the American people. Once the Senate completes action on this bill, it will move over to the House of Representatives for its consideration. I’ve been talking with several members of that body,” he said.
“I recognize that folks on both side of the political spectrum are unhappy with certain parts of the package and I understand those concerns. I share some of them, but that’s the nature of compromise. Sacrificing something each of us cares about to move forward on what matters to all of us. Right now that’s growing the economy and creating jobs. And nearly every economist agrees that’s what this package will do.”
The Senate will likely vote on the tax package itself tomorrow. Mr. Obama, feeling confident after the vote tonight that the Senate passage of the bill is a foregone conclusion, asked House members to bring the legislation to the floor as soon as possible.
“I urge the House of Representatives to act quickly on this important matter, because if there is one thing we can agree on, its the urgent work of protecting middle class families, removing uncertainty for America’s businesses and giving our economy a boost as we’re heading into the New Year.”