Articles Tagged 'Bush tax cuts'
House votes to keep Bush-era tax cuts
By Lisa Mascaro, Washington Post
WASHINGTON â€“Â House RepublicansÂ voted to keep tax rates at their current level through next year, using one of their last votes before recessing for most of August to approve politically symbolic legislation thatÂ President ObamaÂ has vowed to veto.
The vote Wednesday was intended to showcase the contrast between the GOP view on taxes … READ MORE
Obama hits GOP on Bush tax cuts
ByÂ REID J. EPSTEINÂ |Politico
President Barack Obama used his Saturday radio address to whack the Republican House and GOP rival Mitt Romney for resisting his calls for extending the Bush tax cuts for only the first $250,000 of household income.
Touting the Senateâ€™s narrow passage of the presidentâ€™s proposal â€“ which he has repeatedly mentioned in campaign speeches since
Obama and Romney take tax cut debate on the road
By Maeve Reston and Christi Parsons, Los Angeles Times
GRAND JUNCTION, Colo. â€” One day afterÂ President ObamaÂ put forward a proposal to extend tax cuts for the middle class andÂ Mitt RomneyÂ attacked the plan, the presidential rivals took to swing states to press their views.
Romney, the unofficial Republican nominee, participated in a question-and-answer session with voters … READ MORE
McConnell offers Obama temporary deal on Bush tax cuts
ByÂ David Jackson, USA TODAY
The Senate’s top Republican renewed an offer today to President Obama over the George W. Bush-era tax cuts, due to expire at the end of the year.
“What we ought to be doing is extend the current tax rates for another year with a hard requirement to get through comprehensive tax reform one more time,”… READ MORE
Bill Clinton apologizes for Bush tax cuts comments
By TIM MAK | Politico
Former President Bill Clinton is on his own apology tour.
Appearing on TV on Thursday, Clinton said he â€œregretsâ€¦this stirring upâ€ and is â€œvery sorryâ€ for veering off message on the Bush tax cuts, and the former president denied he is undermining President Barack Obama, insisting he is fully committed to Obamaâ€™s reelection.
â€œIâ€™m very… READ MORE
Senate Dems, Seeking to Weaken GOP, Force Doomed Vote on Tax Cut Plans
Seeking to paint Republicans as guardians of the rich, Senate Democrats are forcing a vote Saturday on extending the Bush tax cuts to… READ MORE
All sides strive for a deal on tax cuts
By Matt Viser, The Boston Globe
WASHINGTON â€” House Democrats yesterday approved an extension to the Bush tax cuts for families earning less than $250,000, a measure almost certain to be rejected in the Senate. But negotiators worked behind the scenes on an eventual compromise that could extend the cuts to top earners as a way to win Republican support.… READ MORE
Dems may delay tax-cut vote until after elections
By Sean Lengell-The Washington Times
House Speaker Nancy Pelosi said Friday she is committed to holding a vote this year on extending middle-class tax cuts, though declined to say whether she would do so before the Nov. 2 midterm elections.
“We will retain the right to proceed as we choose and would take it one day at a time,” said… READ MORE
Obama loses backing on taxes
By Stephen Ohlemacher-Associated Press
Defying President Obama, Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans.
Worried about the fragile economy and their own upcoming elections, a growing number of Democratic lawmakers are joining the rock-solid Republican opposition to Mr. Obama’s plans to let some of the tax cuts passed under President George W. Bush expire … READ MORE
Obama, GOP debate over small-business tax
By Patrice Hill-The Washington Times
This year’s debate over extending President George W. Bush‘s tax cuts has turned into a brawl over which party is doing more for small businesses, with assertions that the health of the economy and thousands of future jobs are at stake.
As often happens, both parties are making valid points drawn from a selective reading … READ MORE