The Senate on Wednesday narrowly passed a bill extending the Bush tax cuts for the middle class, while letting cuts for the wealthy expire. The legislation, which went through on a 51-48 vote, has little chance of passing the GOP-controlled House, which may bolster Democratic arguments that Republicans are holding the middle class tax cuts hostage in order to protect the country's highest earners. "If House Republicans insist on blocking our middle-class tax cuts, that is a debate we are willing to have. That is a debate we welcome," said Sen. Chuck Schumer (D-N.Y.).
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
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- Rise of the machines
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