Don't expect a vote on the Bush-era tax cuts before the November election. That's what U.S. Senate aides are telling multiple outlets
in Washington. This is a blow for the Obama
administration, which wanted to extend the tax cuts for everyone except
those making over $250,000 annually before voters went to the polls.
next tax vote will likely take place during the lame-duck session. That
means either State Treasurer Alexi Giannoulias or U.S. Rep. Mark Kirk
-- who will appear on ballot
for Illinois' special election -- will have a say in the debate. And
their positions don't align. Kirk wants to see the tax relief extended
to all Americans, even though it would blow a major hole in the national deficit. Giannoulias sides with Obama. This week, the Democrat even unveiled a new website --700billionreasons.com
-- that lets users pick how they would spend the $700 billion that would
land in the laps of the nation's wealthiest 2 percent over the next
decade if Kirk gets his way.
Where do Illinois voters come down on this issue?
SEIU (whose Illinois State Council sponsors this website) recently polled likely
voters in seven battleground states, including Illinois. They found
that 53 percent of respondents in the Land of Lincoln backed
Giannoulias' option. Only 32 percent thought the tax cuts should
remain in place for all income levels. (Another 9 percent, for what
it's worth, thought they all should expire.) Read the full results here.