Tax cuts for the rich, forever

“Never assume,” as the say, except when it comes to Republicans in Congress, who will always champion the wealthy few, regardless of how badly things are going for the rest of us:

Defying US President Barack Obama, the Republican-held House voted to extend tax cuts for all Americans, framing a partisan divide over an issue that will not be resolved before November’s election.

House lawmakers on Wednesday rejected a substitute Democratic plan that would have let taxes rise for top earners, and then voted 256 to 171 to extend a package of Bush-era tax cuts for everyone for another year.

The move collides with a recently approved Senate bill that would extend the tax breaks for families making under $250,000 a year — about 98 percent of Americans. Obama has threatened to veto a bill that also extends the cuts for those making more than that threshold…