The House of Representatives approved a bill last night to extend all the Bush tax cuts for two years, reduce the estate tax, and extend benefits for some unemployed people by 13 months. The bill passed by an unusual bipartisan vote of 277 to 148. The Democratic caucus split 139 in favor of the bill and 112 against, while Republicans overwhelmingly supported the bill by a 138 to 36 margin. The roll call shows that Iowa Democrats Leonard Boswell (IA-03) and Dave Loebsack (IA-02) voted for the bill, as did Republican Tom Latham (IA-04). Democrat Bruce Braley (IA-01) and Republican Steve King (IA-05) both voted no.
It’s a disgrace that House Democrats went along with a so-called “compromise” that makes the lowest-income workers pay more, does nothing for people who have exhausted 99 weeks of unemployment benefits, and will lay the groundwork for big cuts to domestic spending and Social Security in the future. President Barack Obama deserves the most blame for not negotiating a better deal with Republican leaders. He could have changed the dynamic months ago by making a clear threat to veto any extension of the tax cuts for the highest incomes. But he lacked the courage or the integrity to stand up for tax policies he claims to believe in.
Democrats should nevertheless have voted against this bill, in my opinion. They campaigned against the Bush tax cuts for a decade and are now extending them at all income levels, setting the stage for a permanent extension two years from now. Sorry, Sue Dvorsky: that’s not standing up for the middle class.
It’s a moral failure for the Democratic Party to ask people earning less than $20,000 and families earning less than $40,000 to pay a bit more while the wealthiest people don’t sacrifice a penny. Democrats may have worried the Republican-controlled House would pass an even less favorable bill in the new year, which Obama would sign.
After the jump I’ve posted statements from Braley, Loebsack and Boswell. You can tell Loebsack isn’t proud of this vote, and Boswell makes some excuses too. But it’s consistent with his style: “As I have always said, my legislative philosophy is if you can’t take home the whole loaf of bread, grab as many slices as you can to benefit your constituents […].”
Braley’s press release touting his no vote uses a Republican frame (“Americans spoke clearly on November second. Congress must get serious about reducing the deficit and become better stewards of their tax dollars […]”). His remarks during the House floor debate also focused on fiscal conservatism, although Braley also threw in some populist lines criticizing the tax breaks for the rich. He also cited the threat to “the long-term viability of Social Security.”
UPDATE: In the comments, John Deeth mentioned the House vote on an amendment to raise the estate tax rate and lower the exemption to that tax received just 194 yes votes, all from Democrats. Braley and Loebsack voted with the majority of their caucus, but Boswell was among the 60 Democrats who voted with Republicans. Changing the bill would have sent the measure back to the Senate rather than directly to the president’s desk.
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