Senate Democrats Want to Tax Small Businesses with Their "Millionaire's Surtax"

Failed policy after failed policy continues to be introduced by the Democrats in Washington.  On the heels of Obamacare and the trillion dollar Obama "stimulus" bill, which has resulted in an almost unmovably high 9% unemployment rate during the past 3 years, their latest scheme is Senate bill S.1917 with 5 Senate co-sponsors.  S.1917 is authored by one of the Democrats' endangered species, Senator Bob Casey from Pennsylvania, and would just about kill job creation by small businesses in America. 

Normally, small businesses have produced some 90% of the jobs in the America.  However, the Democrats seem determined to worsen the economy with their Casey bill.  Bob Casey's tax increase bill could come up for a vote on the Senate floor later this week, but the Republican filibuster of this onerous tax increase bill is expected to hold. 

Note the rest of the week's schedule for the United States Senate from Senate Republican Leader Mitch McConnell's office:

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The Senate will convene at 10:00 am today and be in Morning Business for up to one hour after which we will resume consideration of S.1867, the DOD Authorization bill. 

Last night, Leader Reid filed cloture on the DOD bill.  Under the rules, cloture will ripen tomorrow (Wednesday) morning.  We expect cloture will be invoked.  Please note a UC was reached which provides for a vote on Menendez/Kirk amendment #1414 (Central Bank of Iran sanctions) during post-cloture debate. 

We will recess today from 12:30 pm until 2:15 pm for the policy lunch.  At this point, more than one hundred amendments are pending to the DOD bill.  While votes have not yet been scheduled for today, we expect votes this afternoon.  We expect this bill to be on the floor the balance of this week. 

Last night, Leader Reid began the Rule 14 process for S.1917 (the Democrats payroll tax bill paid for with a surtax on small businesses).  The text of this bill is attached.  This bill will be on the Senate calendar tomorrow (Wednesday) at which time we expect Leader Reid could file cloture on the motion to proceed to the bill and force a vote later this week.  Please note we hope to have a GOP alternative on this issue.  Once the text is available, we will pass it along. 

According to a UC entered before the recess, at a time to be determined but not before Monday, December 5th, the Senate will begin up to one hour of debate on the following nominations followed by votes on confirmation:

(1)       Executive Calendar #363, Edgardo Ramos, to be United States District Judge for the Southern District of New York;

(2)       Executive Calendar #364, Andrew Carter, to be United States District Judge for the Southern District of New York;

(3)       Executive Calendar #365, James Rodney Gilstrap, to be United States District Judge for the Eastern District of Texas; and

(4)       Executive Calendar #406, Dana Christensen, to be United States District Judge for the District of Montana.

Senators Alexander and Feinstein continue to work on a path forward on H.R. 2354, the Energy & Water appropriations bill.  Leader Reid has indicated that if a deal is reached with respect to amendments, we could pivot back to the Energy & Water bill at a time TBD.

Other items which are likely before the end of the year:  Balanced Budget amendment; Appropriations bills (CR expires 12/16), Nominations, “Jobs” legislation, and extensions of expiring provisions including UI, payroll taxes, and SGR (doc fix).