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House May Vote On Extending Middle Class Tax Cuts

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.

  • Ralph

    Wwhen are the politicians going to get it.
    It’s not about what is best for them they havealready seen to that.
    If this economy is to turn around sometime in the not to distant future How about what is best for those struggling to keep their heads above water the public at large Not the wealthy who quite frankly are not spending or investing in improving the economy
    you want a tax break earn it invest in the economy create jobs
    Wake up it’s not about you and your wealthy constituents it’s about savings this country’s economy

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