Tag Archives: Bush tax cuts

Tax cut compromise in trouble

For a few hours it looked like Republicans and Democrats were going to reach a compromise on President Obama’s proposal to renew the Bush tax cuts for all but the richest 2 percent of households.

On Sunday, House GOP Leader John Boehner said he would grudgingly support Obama’s plan if that was the only option.

By noon Monday, Senate GOP Leader Mitch McConnell had kicked compromise to the curb.

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