GOP Ready To Push Business Tax Cut Through House

Underscoring the political payoff they saw in the legislation, neither party waited long before unleashing email attacks on the others' votes.

The National Republican Congressional Committee, which helps guide House GOP campaigns, sent emails to dozens of districts represented by Democrats, accusing the local lawmaker of voting "for big-government instead of spurring small business job creation" along with the estimated number of small businesses in the state.

The Democratic Congressional Campaign Committee, House Democrats' campaign arm, emailed around 50 GOP-held districts accusing Republican legislators of voting for "more tax breaks for the 'rich and famous'" and asserting that millionaire celebrities like Kim Kardashian and Larry Flynt would qualify for the GOP reductions.

Obama has proposed a 10 percent tax credit ⿿ up to $500,000 ⿿ for firms that hire new workers or grant raises. Senate Democrats said they plan a May vote on their own plan, which will include a tax credit like Obama's and let businesses write off the costs of major purchases this year.

Democrats said the House GOP bill would do virtually nothing to spark the economy, citing an analysis by the Joint Committee on Taxation that said the bill's economic impact would be "so small as to be incalculable." They also complained that it was not paid for, meaning its $46 billion, one-year cost would make enormous budget deficits even bigger.

"They have run up deficits in this country recklessly, and in the name of a political campaign they're prepared to do it again," said Rep. Richard Neal, D-Mass.

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