Reply #24: CNN International: House tax break vote expected Thursday (only for $250K and below)

[pampango]

House Democrats plan to push ahead on a vote Thursday to permanently extend tax breaks for those making $250,000 a year or less, said Majority Leader Steny Hoyer.

Hoyer said the House bill would include permanent extensions of income tax rates for the middle class, plus tax breaks for married couples, the child tax credit and the earned income tax credit.

Republicans, however, argue tax cuts should be extended for everyone, including the wealthy, and pledge to block legislative action on every issue being considered by the lame-duck Congress until the dispute over extending the Bush-era tax cuts is resolved and an extension of current government funding is approved.

Hoyer maintained that moving forward with just a vote on the so-called middle class tax cuts would not interfere with the negotiations on the broader tax cuts, telling reporters Wednesday he spoke with the House Democratic negotiator in the talks, Maryland Democratic Rep. Chris Van Hollen. "He and I both agree that this matter moving forward should not undermine negotiations on a compromise," Hoyer said.

http://www.cnn.com/2010/POLITICS/12/02/tax.vote