Senate Democratic Tax Plan Passes
"People who are in this great country of ours who have done so well understand they're supposed to contribute more. They know that," Reid said from the Senate floor.
Senate Republican Leader Mitch McConnell blasted the Democratic plan for raising taxes on a million small business owners. He said the bill suggests that "these one million businesses didn't create success and we need to take this money [from them] because we can spend it better."
Republican Utah Sen. Orrin Hatch called the plan "a compromise," saying on the Senate floor that "our economy needs relief, our businesses, and all we are proposing is extending the current law for a year so that we can dedicate that year to do tax reform."
Sen. Barbara Boxer, D-Calif., said Republican claims that the Democratic plan "will hurt small business owners is nothing but a smoke screen to protect the highest earners in America."
In a surprise move, Republicans allowed a simple majority vote on the Democratic plan so that they could vote on their alternative plan.