What: All Issues : Fair Taxation : More Equitable Distribution of Tax Burden : A vote on passage of a Democratic amendment to the fiscal year 2005 budget resolution (S.Con.Res. 95) creating a reserve fund that would allow up to $6.8 billion in additional spending for homeland security programs, paid for by reducing tax breaks for taxpayers with incomes of more than $1 million per year. (2004 senate Roll Call 50)
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A vote on passage of a Democratic amendment to the fiscal year 2005 budget resolution (S.Con.Res. 95) creating a reserve fund that would allow up to $6.8 billion in additional spending for homeland security programs, paid for by reducing tax breaks for taxpayers with incomes of more than $1 million per year.
senate Roll Call 50     Mar 11, 2004
Progressive Position:
Yea
Progressive Result:
Loss

This amendment offered by Sen. Joe Lieberman (D-Conn.) would create a reserve fund that would allow up to $6.8 billion in additional spending for homeland security programs. The spending would be offset by reducing tax breaks for taxpayers with incomes of more than $1 million per year. It failed 40-57, with six Democrats siding with a united Republican party. Progressives backed this amendment, which would restore cuts and increase funding for homeland security programs and reduce the debt by reducing President Bush's tax breaks for taxpayers with incomes in excess of $1 million a year. Conservatives flatly rejected the amendment. Sen. Don Nickles (R-Okla.) summed it up thusly: "We are continuing the assault on taxpayers." Nickles added that President Bush's request for homeland security funding in fiscal year 2005 already exceeded fiscal year 2004 spending by 15 percent. "Obviously [that]...is not enough for some individuals," Nickles deadpanned. Conservatives' success in beating back the amendment preserves President Bush's tax breaks for millionaires.

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