Tax Cut Fight

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Monday, September 27, 2010 - 7:36am

The debate over taxes continues.

Your taxes were the top topic on the Sunday talk shows.

House Majority Leader Steny Hoyer said, "We want to make sure that middle-income America, working Americans, don't have a tax increase. And the obstructionism in the Senate has not allowed us to move forward, it's unfortunate."

House Minority Leader John Boehner said, "If we leave here this week and adjourn for the election without preventing these tax increases on the American people, it will be the most irresponsible thing that I have seen since I have been in Washington, D.C., and I've been here a while."

At the core of the issue, the Bush tax cuts, which are set to expire in December. Democrats want to extend them for individuals making up to 200 thousand dollars while Republicans want them extended for everyone.

Last week House leadership said the vote may not come before the midterm elections…and Republicans pounced.

Indiana Representative Mike Pence said, "It seems like a moment where Congress is putting politics ahead of prosperity."

But Democrats insist its the other side causing the slowdown.

Senior Advisor to the President David Axelrod said, "I think it's an untenable position to say, ‘We're going to allow your taxes to go up on January 1st unless the president agrees to give tax cuts to millionaires and billionaires.’"

The White House is still promising to extend middle class cuts, whether Congress takes up the issue before or after the election.



 

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