Republicans now have enough votes in the House to continue the Bush tax cuts thanks to forty-seven Democrats who have pledged to buck their party. Of course, Democrats are delaying a vote on the tax cuts until after the midterm election. It is unclear how these 'blue dog' wannabees will vote after the election.
Forty-seven House Democrats — enough to give Republicans a victory on taxes if the issue came to a vote — are breaking ranks with President Barack Obama by calling on party leaders to continue Bush-era tax cuts on investment income.
The lawmakers, led by Rep. John Adler, D-N.J., have sent a letter to House Speaker Nancy Pelosi saying they strongly support extending the current tax rates on capital gains and dividends.