Update on tax deal

Sen. Bernie Sanders, I-Vt., has been going on for about five hours on the Senate floor in opposition to the bipartisan tax deal. He has now discussed income inequality, the Chamber of Commerce, the concessions unions had to make at the failing auto companies, and the trade deficit.

He probably doesn't have enough backing to prevent the tax measure from getting cloture on Monday, especially now that it contains everyone's special interest provisions. The deal also freezes income tax rates, imposes a partial payroll tax holiday, and resurrects the inheritance tax from the dead.

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