Saturday, August 05, 2006

Frist is a loser on the Minimum Wage 'Death Tax' Cluster.

Of course, one could just stop at the word 'loser' and be correct.

"The Post's report makes it clear that Frist felt he had set a political trap for the Democrats, which was crafty — except the Democrats didn't take the bait as anticipated:
"Frist agreed to the [GOP-House originated] deal, hoping that several Democrats could not resist a chance to raise the minimum wage, in three phases, to $7.25 an hour from the current $5.15. The bill would also have exempted from taxation all estates worth as much as $5 million — or $10 million for a married couple — and applied a 15 percent tax rate to inheritances above that threshold and up to $25 million. The value of estates exceeding $25 million would have been taxed at 30 percent...."

"...GOP senators had practically dared Democrats to vote against the package with the minimum-wage increase. All but four Senate Democrats took the dare, heeding Reid's plea to deny Frist a victory as lawmakers go home to campaign. Republicans predicted that Democrats will regret their decision."
"At best, Frist has proven to be a sloppy Majority Leader who on several matters hasn't had enough influence to piece together winning vote coalitions. He also didn't seemingly do enough homework to anticipate possible opposition lines of attack — or to count votes before he called for them. The bill's blockage in an election year also illustrates a failure to realize that if he had come up with a bill that truly got significant Democratic support the end result would be to take some of the edge of longstanding perceptions held by some working Americans that Republicans largely do the bidding of the wealthy."

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