Hill Democrats Fear Quick Tax Deal
By DAVID M. HERSZENHORN
NYT
The 111th Congress
Some Congressional Democrats are growing increasingly nervous that the Obama White House will give in to Republican demands for a temporary extension of all of the Bush-era tax cuts without getting enough in return.
Top Obama administration officials, including Treasury secretary Timothy F. Geithner, met with bipartisan negotiators from both the House and Senate for two rounds of talks on Wednesday.
Some Democrats are now predicting an announcement of a tax deal by Sunday or Monday. Between now and then, Democrats will scramble to hold a series of symbolic votes aimed at showing Republicans defending lower taxes for millionaires. The first of those votes is expected to take place today in the House.
Republicans view an extension of the lower rates for everyone, for two years or more, as inevitable – as a result of their big victories in the midterm elections and what in hindsight are clear strategic missteps by Democrats in letting the debate come down to the wire.
(More here.)
NYT
The 111th Congress
Some Congressional Democrats are growing increasingly nervous that the Obama White House will give in to Republican demands for a temporary extension of all of the Bush-era tax cuts without getting enough in return.
Top Obama administration officials, including Treasury secretary Timothy F. Geithner, met with bipartisan negotiators from both the House and Senate for two rounds of talks on Wednesday.
Some Democrats are now predicting an announcement of a tax deal by Sunday or Monday. Between now and then, Democrats will scramble to hold a series of symbolic votes aimed at showing Republicans defending lower taxes for millionaires. The first of those votes is expected to take place today in the House.
Republicans view an extension of the lower rates for everyone, for two years or more, as inevitable – as a result of their big victories in the midterm elections and what in hindsight are clear strategic missteps by Democrats in letting the debate come down to the wire.
(More here.)
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