Demcrats 1, Republics 0, Obama declares it, a "Big Victory"

Senators voted 60 to 40, early Monday morning to move ahead with the health care reform bill. This is the first of four votes to pass the bill in the Senate before the Christmas recess. Not one Republican voted for the bill. Obama was quoted in says, "The United States Senate knocked down a filibuster aimed at blocking a final vote on health care reform, and scored a big victory for the American people."

Although the bill passed its first test,crucial aspects of the bill were left out such as the expansion of Medicare to American under the age of 65 and the inclusion of a government run public health insurance plan. There are still some significant issues that need to be worked out in the coming days. One of the biggest divides on this bill is how to fund it.

The House's bill would be financed through a combination of a tax surchange on wealthy Americans and Medicare spending reductions. Individuals with annual incomes over half a million and families earning more than a million would face a 5.4% income tax. While the Senate's bill would cut Medicare cost by roughly $500 billion dollars and impose a 40% tax on individuals with so-called "cadillac" health insurance plans.

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