A nearly 60 percent majority of the black caucus in Congress voted against President Obama’s Republican-oriented, compromised tax bill, including House Majority Whip Jim Clyburn.
Their website put it this way:
“We are headed towards fiscal disaster.”
— Rep. Bobby Scott, 12.17.10
“Obamanomics is more like Reaganomics.”
— Rep. Jessee Jackson, Jr. 12.10.10
“This measure does not create a single job or stimulate the economy in any way.”
— House Majority Whip Jim Clyburn, 12.16.10
24 members of the CBC voted against Pres. Obama’s tax deal with the Republicans. Many cited the huge price tag. The bill will cost 900 billion dollars. More than the Stimulus bill, more than TARP. Other members felt the President should have and could have secured a better deal with the other side and that the legislation sets the Democrats up to be confronted with massive spending cuts to social programs over the next two years.
Jim Clyburn’s full statement was thus:
While I am pleased that the tax package approved by the House tonight extends important tax cuts to middle-income families and unemployment insurance for millions of Americans, adding $25 billion to the deficit to give a major tax benefit to the estates of the richest 6,600 families in America made it impossible for me to vote for the final package. This measure does not create a single job or stimulate the economy in any way. I hope that as we move forward and our economy continues to recover, we will restore some fairness to the tax code and reduce the burden we are putting on future generations.
A very clear indication of the political independence of the representatives of Black America in Congress–and probably of whom President Obama’s and Congress’s tax compromise is skewed toward.