By Kim Dixon and Richard Cowan
WASHINGTON | Thu Nov 18, 2010 7:27pm EST
WASHINGTON (Reuters) – Congressional Democrats said on Thursday they would vote to extend Bush-era tax cuts for the lower and middle classes only, setting up a clash with Republicans only two weeks after midterm elections.
The moves end days of hand-wringing by Democrats to find a common strategy before a December 31 deadline for expiration of tax cuts for nearly all Americans and a Republican takeover of the House of Representatives next year.
A clash over taxes augurs badly for any chance that the two parties will work together after this month’s elections on major issues like cutting the budget deficit and creating jobs.
Senate Democratic leader Harry Reid said he believes he has President Barack Obama’s support in pursuing tax cuts for everyone except the wealthy, after some concern that Obama had been ready to deal with Republicans over cuts for the rich.
“The main thing we’ve learned is that we’re united in recognizing that we have to protect the middle class,” Reid told reporters.
Read More
SEE ALSO: Democrats to hold votes on middle class tax cuts, Obama, Democrats fail to agree on plan for expiring tax cuts
Possibly related articles:
Tags: Congress, Democrat, Media, News Item, Republican, Taxes
Loading ...
