Dems Drop Millionaires Tax in Year-end Dispute

NEWSMAX / AP:   Democrats backed away from their demand for higher taxes on millionaires as part of legislation to extend Social Security tax cuts for most Americans on Wednesday as Congress struggled to clear critical year-end bills without triggering a partial government shutdown.

Republicans, too, signaled an eagerness to avoid gridlock and adjourn for the holidays. With a bipartisan $1 trillion funding bill blocked at the last minute by Democrats, GOP lawmakers and aides floated the possibility of a backup measure to run the government for as long as two months after the money runs out Friday at midnight…

Taken together, the developments signaled the end game for a year of divided government — with a tea party-flavored majority in the House and Obama’s allies in the Senate — that has veered from near-catastrophe to last-minute compromise repeatedly since last January…   (more)

EDITOR:  More eveidence that our so called two party system is a sham.

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