January 2, 2013

The House Roll Call Vote on Reported $15 Billion in ‘Cuts,’ $620 Billion in Tax Increases (Update: WSJ Says Spending Increases)

Filed under: Economy,Taxes & Government — Tom @ 9:26 am

It’s here.

257 yes, 167 no.

Democrats voted “Yes” by 172-16; Republicans voted “No” by 151-85.

Disappointing “Yes” votes (in alpha order):
- Bilbray (CA)
- Camp (MI)
- Johnson (OH)
- Peter King (NY)
- LaTourette (OH) [predictable in this case, but still disappointing; good riddance]
- Latta (OH)
- Ros-Lehtinen (FL)
- Ryan (WI)
- Stivers (OH)
- Tiberi (OH)

Noteworthy “No” votes:
- Austria (OH)
- Bachmann (MN)
- Cantor (VA)
- Chabot (OH)
- Chaffetz (UT)
- Gibbs (OH)
- Issa (CA)
- Jordan (OH)
- Massie (KY)
- Matheson (UT)
- McClintock (CA)
- Pence (IN)
- Renacci (OH)
- Schmidt (OH) [a previous related post is here]
- Scott (SC)
- Turner (OH)
- Walsh (IL)
- West (FL)

I haven’t been able to prove this yet,, but several outlets are reporting that Congressional Budget Office projections estimate that the bill will result in $41 in tax increases ($620 billion over 10 years) for every $1 of reductions in projected spending increases ($15 billion; euphemistically called “cuts” in Beltway-speak).

I struggle to articulate a justification for John Boehner continuing as Speaker.

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UPDATE: In the opening paragraph of the related Wall Street Journal editorial last night — “The Senate-White House compromise grudgingly passed by the House is a Beltway classic: The biggest tax increase in 20 years in return for spending increases …”

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