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A top Democrat signaled for the first time that the party might scale back plans to permanently extend Bush-era tax cuts for the middle class, as deficit worries grow in Congress.

House Majority Leader Steny Hoyer said in a speech Tuesday that Democrats would have to consider passing only a short-term extension of the middle-class tax breaks, which expire at the end of this year. In the longer term, taxes likely will be going up, at least for some people, he suggested.

"As the House and Senate debate what to do with the expiring Bush tax cuts in the coming weeks, we need to have a serious discussion about…whether we can afford to permanently extend them before we have a real plan for long-term deficit reduction," the Maryland Democrat said in prepared remarks to Third Way, a centrist Democratic think tank, in Washington.

When the time comes for a long-term plan, Mr. Hoyer added, "raising revenue is part of the deficit solution" along with spending cuts.

Republicans said Democrats were signaling their intent to raise taxes on the middle class.
http://online.wsj.com/article/SB10001424052748704123604575323211188602130.html

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President Obama Cut Taxes for 98 Percent of Working Americans in 2009

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ORIGINAL: Sanity


Do you really need to try to change the subject so soon?

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Read the fact sheet and the report for your state.