"The new proposal called for "capital gains tax relief," which apparently refers to a cut in capital gains tax."
Hey, you line up on each issue where you need to.
Party? What's that?
"Partisan standoff on bailout; candidates' debate in doubt; Conservative Republicans push changes" by Michael Kranish, Globe Staff | September 26, 2008
WASHINGTON - The new proposal called for "capital gains tax relief," which apparently refers to a cut in capital gains tax. The plan also called for "mortgage insurance," which apparently refers to government insurance provided to financial institutions. Rather than sell to the government, the distressed companies would keep the toxic mortgage-backed securities.
Backers of the alternative proposal included House Minority Leader John Boehner, an Ohio Republican. The plan, they insist, would eliminate the need for $700 billion in taxpayer money, but Frank said that the Bush administration already has rejected the idea.
Democratic leaders said that, given the new proposal, they didn't know whom to negotiate with: Paulson and the White House or the conservative Republicans. The turn of events put Democrats in the unusual position of siding with Bush, and put the president at odds with conservative members of his own party.
Unusual, hanh? Like FULL FUNDING of the WARS and CAPITULATING on TYRANNY and TORTURE and, well, when exactly have they stood up to this guy?!!
I just saw Reid and Dodd say they are in town all weekend 'til they get a deal?!
PFFFFFFFFTTTTT!!!!!
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