Mission Statement: This blog reviews the news of the day in light of 242 years of American history. "Nationalism," a modern day pejorative, has been our country's politic throughout history, until 2008. Obama changed that narrative. Trump is seeking a return to our historical roots. Midknight Review supports this return to normality.
The bill, which passed 277 to 148, provides a two-year extension for all tax cuts that were due to expire Dec. 31 – including for families earning more than $250,000 a year — and extends unemployment insurance benefits through next year. It also sets estate tax rates at 35 percent, with an exemption on the first $5 million.
Notes: about 4 hours ago, Midknight Review told its readers that the House was under even more pressue with the defeat of the 1.27 trillion dollar spending-lust bill the Dems tried to ram through the Senate at the last minute. We were right, of course. All in all, a very good day for the GOP.
The Dream Act (dealing with immigration) will fail but the Don’t Ask repeal will become the law of the land after the Senate vote on Saturday. While we do not care for the decision, activist judges were talked out of repealing the act, themselves. It was inevitable that the courts were going to repeal the Clintonian legislation.
What’s next? Conservatives are coming to town.
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