Senate Democrats cave without a fight
What a bunch of f#*king wimps.
Finance Chairman Max Baucus, D-Mont., unveiled four proposals at a morning hearing, including one to cut small business depreciation schedules from 29 years to 15 years, which would let those businesses to write off investments faster.Baucus and ranking Republican Charles E. Grassley of Iowa have been working on the package for several days and plan to mark it up Jan. 17. Minimum wage legislation could come to the Senate floor next week.
Senate Democrats, lacking the 60 votes needed to overcome filibusters in the Senate, have known all along they would need to accept some "sweeteners" for business to get a minimum wage hike through.
In a statement of administration policy, the White House today said it "strongly supports" adding business-friendly provisions to the House minimum wage bill.
With Democrats like this, we might as well have Republicans.
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