UPDATE: Senate Votes on Fiscal Cliff Without Reading
Last night, some predicted the Senate could vote on the fiscal cliff deal – a $600 billion tax increase – without an official score from the Congressional Budget Office (CBO). Sadly, that’s exactly that happened. At roughly 1:40 AM, Senators took to the floor to vote on a 157-page that no one had seen.
In addition to increasing taxes, the emerging deal contains a host of other provisions, the details of which have yet to become public. Based on the information available, it appears there will be substantial conservative concerns with these provisions as well.
Yes, Nancy Pelosi is surely smiling.