The first paragraph says it all
House Democrats on Friday pushed through an $80 billion bill to block the spread of a dreaded tax on middle-income people. The White House and Republicans, protesting tax increases in the bill affecting mainly investment fund managers, maintained that it would never become law.
The investment fund managers, you’ll recall, are those guys whose annual salary can hit $1.6 BILLION dollars, and who are taxed at 15% tops. Of course they need protection, and the middle-income people do not—or so the GOP sees it.
Read the whole story…