Senate Passes Tax Cuts For All But The Richest

By: AP
By: AP
To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

WASHINGTON (AP) -- It's the House's turn next week to vote on extending income tax cuts, and Republican Speaker John Boehner says President Barack Obama's plan to let the cuts expire for the wealthiest Americans is unacceptable.

The Ohio lawmaker spoke Wednesday after the Senate passed the Democrats' plan, even as all members agreed the vote was largely symbolic. The House is to vote next week on a GOP alternative. Neither version has a chance of passing Congress, so the issue will wait until after the November elections.

Obama and congressional Democrats want to extend Bush-era income tax cuts for all Americans except individuals earning more than $200,000 a year or couples making over $250,000. Republicans want to extend the cuts for everyone.

The cuts will expire in 2013 unless Congress acts.

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 163868386 -
Gray Television, Inc.