President Obama urges end of tax cuts for the rich listen09/15/10 Kate Bradshaw
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House Majority Leader Steny Hoyer says he's open to discussing alternatives to President Obamaâ€™s 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 whoâ€™s 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 doesnâ€™t 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 Floridaâ€™s 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.