All sides strive for a deal on tax cuts

December 3, 2010

By Matt Viser, The Boston Globe

WASHINGTON — 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 — 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 Americans 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.

“I believe it will get resolved,’’ President Obama said. “That doesn’t mean there might not be some posturing over the next several days.’’

To read more, visit:

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.