Politics & Government

Political Showdown Expected Over Issue Of Tax Cuts To The Middle Class

After the U.S. Senate passed it, the measure heads to the U.S. House where it will receive much debate and controversy.

 

The U.S. Senate on Wednesday narrowly approved a plan to extend the Bush-era middle class tax cuts to all households earning less than $250,000, with Connecticut Independent Joseph I. Lieberman joining Republicans to vote against the plan and Democrat Richard Blumenthal voting with the Democrats.

The measure passed the Senate on a vote of 51-48 and sets the stage for a political showdown next week in the U.S. House of Representatives. It is also expected to become a central issue in the presidential race.

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Democrats want to limit the tax cuts, first approved during the presidency of George W. Bush, only to those making less than $250,000. Taxpayers making more than that are within the top 2 percent of income earnings in the country.

Republicans, however, argue the tax cuts should be extended to all Americans.

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