By Matt Viser, The Boston Globe
WASHINGTON â€” House Democrats yesterday approved an extension to the Bush tax cuts for families earning less than $250,000, a measure almost certain to be rejected in the Senate. But negotiators worked behind the scenes on an eventual compromise that could extend the cuts to top earners as a way to win Republican support.
A deal on the income tax cuts, which expire this month, could emerge in the next week from thesmall group of negotiators â€” Treasury Secretary Timothy Geithner, White House budget director Jacob Lew, and four lawmakers from each party.
Under consideration is a plan to link a temporary extension of the tax cuts for all AmericansÂ with proposals to boost the economy now, such as extending a series of expiring tuition and other tax breaks along with extended benefits for the long-term unemployed.
â€œI believe it will get resolved,â€™â€™ President Obama said. â€œThat doesnâ€™t mean there might not be some posturing over the next several days.â€™â€™
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