President Obama urges end of tax cuts for the rich
House Majority Leader Steny Hoyer says he's open to discussing alternatives to President Obamaâs plan to let tax cuts on the wealthy sunset in January. This comes as some Republicans are in lock-step on the tax cuts. Adam Putnam is a Republican member of Congress from Lakeland whoâs running for state Agricultural Commissioner.
Obama wants to make the cuts permanent for low- and middle-income Americans. He spoke today from the White House Rose Garden
If Congress doesnât pass a measure keeping them in place by the end of the year they will expire. But with elections approaching some Democrats are reluctant to let Bush-era tax cuts for the wealthy expire. Democrat Alex Sink, who faces conservative Rick Scott in the race to be Floridaâs next governor, wants the Bush tax cuts to stay in place across the board. But U.S. Representative Kathy Castor says this would be irresponsible.
If the GOP blocks a vote on the bill through December 31st most Americans would see higher taxes as a result.comments powered by Disqus