tax breaks for income over $250,000 for a family to expire ? Middle class could suffer
House Democrats said they could press ahead as early as Thursday with a vote to allow the tax breaks for income over $250,000 for a family to expire even though such a plan appears unlikely to be able to clear a Senate filibuster, given solid Republican opposition and resistance from several Democrats. Democrats said they could use the votes to make their position for middle class tax cuts clear and also illustrate that they do not have the votes to block extension of the lowered tax rates for the wealthy, clearing the way for concessions.
U.S.
Two Senators Endorse Debt Panel Plan
By JACKIE CALMES and PETER BAKER
Published: December 1, 2010
Senators Judd Gregg and Kent Conrad became the first elected members of President Obama's deficit commission to publicly endorse the package.