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House May Vote On Extending Middle Class Tax Cuts

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u s house 385 House May Vote On Extending Middle Class Tax Cuts

With Bush-era cuts set to expire at year’s end, House Democrats plan to introduce legislation today to extend cuts for those making under 250-thousand dollars a year. 

Republicans want all the tax cuts extended, including those for the wealthiest Americans.  Many Democrats insist on keeping the lower rates for the middle class but not the wealthy.  After a bipartisan meeting with congressional leaders this week, President Obama appointed a team to negotiate a possible compromise with Republicans on the tax cuts. 

To learn more, KXNT Morning News spoke to CBS News Capitol Hill Correspondent Bob Fuss.

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