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Small Business Bill Filibuster Affecting Economy

August 1st, 2012 by WCBC Radio

Senate Republicans last month made good on their threat to filibuster a Democratic small-business tax cut bill, ensuring the bill fell seven votes short of what it needed to move forward. The Senate voted 53-44 to limit debate on the bill and move to final passage, but 60 votes were needed to overcome the filibuster. The Senate small-business bill would provide tax breaks for business that add to their payrolls, either through new hires or increased pay, and would allow businesses to accelerate the way in which they deduct business expenses. Maryland Democrat Ben Cardin chided those filibustered the bill, which he says would have been a tremendous shot in the arm for small businesses and the economy…

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