You have a bill that could bring in $4 billion in revenue annually. The bill has 45 cosponsors with supporters from both sides of the aisle. The bill failed by a vote of 54-23. That isn't 54 no votes by the way. In today's Senate nearly everything has to overcome a filibuster, which means you need 60 votes.
It wasn't just the filibuster that killed the bill, but it certainly had more than a helping hand. The chart above (from July '07) shows how the filibuster has been increasingly used as a tool to stop any and all legislation.
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