Deal in the works on Bush-era tax breaks and help for the jobless
Following Senate votes Saturday, party leaders say a compromise is likely involving an extension of Bush-era tax breaks for all income levels, plus an extension of unemployment benefits.
Chris Usher/Face the Nation/Reuters
Following Saturday’s Senate theatrics involving Bush-era tax cuts, it’s looking increasingly like a deal will be hammered out before Christmas
On Sunday’s TV talk shows, leaders of both parties indicated a compromise is in the works – likely involving an extension of tax breaks for all income levels, plus an extension of unemployment benefits.
As usual, the devil will be in the details. How long will the extensions last? Will there be budgetary offsets to cover the costs?
“I think that most folks believe that the recipe would include at least an extension of unemployment benefits for those who are unemployed and an extension of all of the tax rates for all Americans for some period of time,” Senate Republican Whip Jon Kyl, said on CBS’ “Face the Nation.”