Obama’s Democrats in Disarray over Expiring Tax Cuts

From NEWSMAX:

…Obama and some Democrats have made clear since the election that they are open to compromise. Options include raising the thresholds to $500,000 or even $1 million or extending the tax breaks for only a year or two before a permanent agreement can be put in place.

House and Senate Democratic leaders plan to hold votes in December on extending the tax cuts and — barring any deal — it will be only for middle-income Americans.

However, such a move does not now have the votes to pass the Senate where Democrats would need Republican support to clear procedural hurdles in the 100-member chamber…

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