The Senate failed to overcome a Republican filibuster today.
In a 57-41 vote, the Senate failed to end debate on the legislation.
The failure to move the tax extenders package, which also would have renewed scores of individual and business tax breaks, illustrates the extent to which fears about the deficit are now dominating the legislative process five months before a midterm election where Democratic control of Congress will be on the line.
What this means is:
1) that hundreds of thousands of unemployed people will lose their last financial lifeline every week. Eventually it will mean millions of people with no source of income.
2) $24 Billion for matching Medicaid payments. This means that states like California and New York just saw an extra $2 Billion hole in their budgets.
It is estimated that the failure of this bill will cost 200,000 jobs.