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GOP Senators push House to pass budget stop-gap
GOP Sens. push House to pass budget stop-gap now, before lame duck
With a massive tax increase set to take effect if Congress fails to act before the end of the year and the lame duck session looming, two Republican senators are pushing the House of Representatives to pass a continuing resolution funding the government into next year, before the August recess.
In a letter to House Speaker John Boehner dated Friday, South Carolina Republican Sens. Jim DeMint and Lindsey Graham urged the House not to wait until the post-November “lame duck” session to pass the resolution.
“As you know, it is both a longstanding practice in Washington and the current strategy of the president and congressional Democrats to avoid substantive fiscal policy debates until moments of maximum legislative leverage and minimal public scrutiny,” the pair wrote in a letter obtained by The Daily Caller. “Such is certain to be the case with any ‘lame duck’ session of this Congress convened in the last weeks of 2012, after the November election and before the so-called ‘fiscal cliff’ raises taxes on all Americans January 1.”
January 1 represents the kick-off date for what has been described as Taxmaggedon — a $494 billion tax increase from the expiration of tax policies such as the Bush tax cuts and payroll tax cut, as well as the beginning of some of the tax increases in Obamacare. Also included in the melee is $1.2 trillion in spending cuts.
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