Blue Dog Tanner to Back Bailout Despite ‘Disgust’ With Tax Provisions

Rep. John Tanner (D-Tenn.) said he’ll support the bailout package, just as he did Monday.

Tanner was one of 44 centrist Blue Dog Democrats who backed the bailout on Monday. Only three Blue Dogs opposed the bill. But their support for the bill came into question once the Senate passed its version of the measure, which included tax breaks that aren’t offset. The Blue Dogs have fought tooth and nail to require that any new tax incentives are offset by reductions in spending elsewhere or new revenue.

Tanner said on the House floor that he was “disgusted” with the Senate’s tax provisions.

Tags 110th United States Congress Bailout Blue Dog Coalition Business Economics Emergency Economic Stabilization Act Late-2000s financial crisis Politics Politics of the United States Quotation Troubled Asset Relief Program United States federal banking legislation

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