Tags: Dems | Delaying | Tax | Cuts

Dems Close to Delaying Vote on Bush Tax Cuts

Thursday, 23 Sep 2010 01:35 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
WASHINGTON — Senate Democrats on Thursday privately considered punting President Barack Obama's call to preserve middle class tax cuts until after the election, with several predicting that postponing the debate was increasingly likely.

"The climate is not conducive to getting much done before the election," said Sen. Tom Carper, D-Del. "If I were a betting man, I would say we deal with them" later in the fall.

The most sweeping tax cuts in a generation, enacted in 2001 and 2003, are due to expire in January. Republicans want to extend them all, while Obama and Democratic leaders in Congress want to extend them for individuals making less then $200,000 and married couples making less than $250,000.

If Congress takes no action, taxpayers at every income level face significant tax increases next year.

Some Democrats in Congress are wary of supporting Obama's plan, fearing they would be accused of supporting a tax increase ahead of an election in which they will be fighting to maintain majorities in both the House and Senate.

Democrats were expected to make a final decision on the debate's timing during a lunchtime caucus Thursday. If they decide to the delay action, the tax cuts would be addressed in a lame duck session, after the Nov. 2 election.

Some Democrats are eager to start their election season recess next week, leaving little time to address the tax cuts, said Senate Finance Committee Chairman Max Baucus, D-Mont. Baucus, however, said he is ready to act on the tax cuts.

House Democrats said they were waiting for the Senate to act. Some said they have been frustrated by passing bills that languish in the Senate.

"The Senate could always surprise us, but not on the tax extenders, that will be done in the lame duck," said rep. Alcee Hastings, D-Fla.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

CNN/ORC Poll Puts Jeb Bush Far Ahead in Potential GOP Pack

Sunday, 28 Dec 2014 10:41 AM

Former Florida Gov. Jeb Bush is far ahead of other potential Republican candidates for the 2016 presidential nomination, . . .

GOP Moves Toward 2016 With Diverse Lineup of Presidential Contenders

Sunday, 28 Dec 2014 08:12 AM

The faces of the Republican Party's most ambitious members are changing.Long criticized as the party of old white men, t . . .

Indonesia Halts Search for Missing AirAsia Plane as Night Falls

Sunday, 28 Dec 2014 07:51 AM

Indonesia called off until first light a search for an AirAsia plane with 162 people on board that went missing on Sunda . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved