Bernie Sanders Bustin’ Out the Filibuster!

Vermont Senator Bernie Sanders is filibustering the tax deal struck between President Barack Obama and Senate Republicans this week, calling the compromise to extend tax cuts to the wealthy “a moral outrage.”

IMAGE CREDIT: C-SPAN

For the Republicans, the deal would extend the Bush tax cuts, which was set to expire on Dec. 31, 2010, for all income earners including individuals who earn more than $200,000 and families who earn more than $250,000 by another two years. The Republican also exacted concessions on the estate tax, thereby lowering the top rate to 35% with a $5 million exemption instead of a 55% top rate with $1 million exemption. In exchange, the Democrats would get the votes needed to extend the unemployment insurance by another 13 months and a cut in employee payroll taxes by 2%. The compromise tax deal could add another $600 billion to $800 billion to the deficit.

Watch Senator Sanders’ speech live on C-SPAN2. Sanders’ “very long speech” started at 10:25 a.m. EST today.

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