Tax Cuts – Democrats and Republicans Argue over Voting Timing

Dems and Republicans can't Decide When to Vote

Democrats and Republicans are disagreeing on when the vote to decide whether or not to extend Bush era tax cuts should take place.

Democrats in the House of Representatives feel the vote should take place after the November 2 election.

However Republicans feel that the vote should happen first so American's can take comfort in the facts that the cuts will not be going away.

The tax cuts under debate were enacted in 2001 and 2003 and impact Americans  who earn less than $200,000 as individuals and less than $250,000 as families.

Some Republicans argue that the cuts should extend to the 2% of Americans
who make more than $250,000.  However, this would ad an additional $700,000,000 to the costs.

Posted by James Fried on Monday September 27 2010, 11:00 AM EST. All trademarks acknowledged. Filed under Featured News, Finance. Comments and Trackbacks closed. Follow responses: RSS 2.0