Pelosi Says Tax Cut Vote Possible Before Election

By: Associated Press
By: Associated Press

Washington, D.C. (AP) - House Speaker Nancy Pelosi isn't ruling out a
vote to extend soon-to-expire tax cuts before lawmakers go home to
campaign in the next week or two, even though Senate Democrats have
abandoned plans to vote before the Nov. 2 election.
President Barack Obama has been pushing for a vote by year's end
to extend middle-class tax cuts. But House Democrats -- much like
Senate Democrats -- are divided over whether to vote on the measure
before the election.
The most sweeping tax cuts in a generation, enacted in 2001 and
2003, are due to expire in January. Republicans want to extend all
the tax cuts. Obama and Democratic leaders in Congress want to
extend them for individuals making less than $200,000 and married
couples making less than $250,000.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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