Senate Will Not Vote on Extending Bush Tax Cuts Before Election

taxesThe Senate will not vote on extending any of the Bush-era tax cuts until after the November election.

"Democrats believe we must permanently extend tax cuts for the middle-class before they expire at the end of the year, and we will," Jim Manley, a spokesman for Senate Majority Leader Harry Reid said in an e-mail, Reuters reported.

"Unfortunately, to this point we have received no cooperation from Republicans to do so."

The Senate will address the issue after its recess for the November elections, Manley said.

President Barack Obama and most Democrats want to extend the tax cuts for the first $200,000 of personal income and $250,000 of household income, while Republicans and some Democrats want the tax cuts extended for all.

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What a bunch of cowards!! We should insist that this be resolved or vote every incumbent out of office. The way Congress has failed to act- we should vote every incumbent out of office anyway.

September 24 2010 at 12:07 PM Report abuse rate up rate down Reply
1 reply to econbasics's comment

Why do you think the Democrats don't even want to offer a budget until after the elections? If taxes were due October 15 instead of April 15 no elected official would make it past a second term.

September 24 2010 at 12:59 PM Report abuse +1 rate up rate down Reply

Small business owners and employees get screwed all the time not just in income tax but health care, retirement plans and numerous other perks that go to union, government and quasi-government employess. Obama's staff that are returning to their elete jobs have pay packages salary plus tax exemtt insurance, pension, trade/professional, benefits small business owners are not fully tax exempt. That is why Obama can protect his elete friends at the $200,000 / $250,000 limits. Employees of small businesses are limited to IRA deduction limits far less than any one else. If everyone had to prepare their own tax return they would get their eyes opened!!!

September 24 2010 at 11:38 AM Report abuse -1 rate up rate down Reply
Joe and Jackie

Did you really think they were going to do anything that would screw up their chances in the election????

September 24 2010 at 10:45 AM Report abuse rate up rate down Reply

So we have the answer - Harry wasn't going to let us keep OUR money in any event!

September 24 2010 at 10:36 AM Report abuse -1 rate up rate down Reply

all you here is about tax cut look at all the time and money going down drain cut the taxs for the poor there no middle class no more and very easy if a company want a cut the must prove that there are hiring people and not putting money in to profit or bank to save for the top 3% hire save no hire pay taxs.

September 24 2010 at 10:15 AM Report abuse rate up rate down Reply

In the 1980's First Lady Nancy Reagan promoted "Just Say No" to combat drug use among the youth of the country. It sounded good, but accomplished little. Today's GOP seems to be reviving the tactic and can expect the same results.

September 24 2010 at 8:48 AM Report abuse +1 rate up rate down Reply