Tags: House | Democratic | Leader | Deal | Bush | Tax | Cuts

House Democratic Leader Seeks Deal on Bush Tax Cuts

Wednesday, 15 Sep 2010 12:15 PM

House Majority Leader Steny Hoyer on Wednesday signaled a willingness to compromise to resolve an impasse over the looming expiration of trillions in tax cuts for nearly every American.

"I'm always prepared to discuss alternatives so we can move forward," the Democratic leader said when asked about the possibility of a one-year extension for high-end taxpayers.

He affirmed the Democrats' preference to only renew tax cuts for those families earning less than $250,000 a year.

Republicans are demanding that tax cuts for those earning more than that also be renewed, creating an impasse.

President Barack Obama and most fellow Democrats in Congress oppose extending the tax breaks for those earning more than $250,000 a year, arguing the nation cannot afford it.

"I don't want to explode the deficit," Hoyer said.

© 2017 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
Economy
House Majority Leader Steny Hoyer on Wednesday signaled a willingness to compromise to resolve an impasse over the looming expiration of trillions in tax cuts for nearly every American. I'm always prepared to discuss alternatives so we can move forward, the Democratic...
House,Democratic,Leader,Deal,Bush,Tax,Cuts
130
2010-15-15
Wednesday, 15 Sep 2010 12:15 PM
Newsmax Inc.
 

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
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved