WASHINGTON, DC (WWAY) -- While House Democrats continue to fight back against extending Bush-era tax cuts, it was no contest today in the Senate. Eighty-one senators voted today to extend the cuts, but one North Carolina senator voted no.
President Obama's attempt to meet Democrats and Republicans in the middle on tax cuts passed in the Senate 81 to 19. The president called the bill a win for middle-class families and for the economy, but North Carolina Democrat Kay Hagan disagreed.
"There were certainly parts of this bill that had good things in it, but I think the overall message here is that extending the tax cuts for everybody for two years, we've created another $858 billion to our debt, and we have ne long-term solution to help solve this problem," Sen. Hagan said during a conference call with reporters.
Republican Richard Burr sided with the majority.
"Congress must act to restore predictability in taxation if we are going to get our economy back on track, and this is an important step in that direction," Sen. Burr said in a statement.
The bill will add nearly $900-billion to our national deficit. It's a problem Hagan believes is our largest national security threat.
"Every year Democrats and Republicans make empty promises about bringing down our deficit," she said. "We need to start putting our money where our mouth is. We're running up the bill on our national credit card. This bill is just another, to me, Washington as usual, two-year fix."
While Hagan supports curbing unemployment, she said the bill as a whole does nothing to help america in the long-run. She suggested a better solution would be tax cuts for people who make less than $1 million.
The Senate's vote moves the compromise bill on to the House, where, despite objections from Democrats, it could become final by the end of the week.