US Senate is divided in row over tax breaks

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Sunday 26 September 2010 10:14 pm whatsapp US Democrats do not have the votes in the Senate to pass their proposal to extend tax breaks for all but the richest Americans, Senate majority whip Dick Durbin said yesterday after the US lower house left the door open for a vote on the proposals to be delayed until after the mid-term elections.Under the Democrat’s proposals, a tax break introduced by the previous Bush administration would be extended to individuals earning up to $200,000 (£126,000) and couples who earn $250,000 jointly. Republicans want the tax break extended to all citizens. Those affected by the Democratic proposals represent the top two per cent of earners in the US. The tax breaks are due to end on 31 December.Republicans, and a few Democrats, say the tax reductions should apply to all as raising taxes in an atmosphere of high unemployment and slow growth risks slowing recovery.There are also disagreements over the timing of the vote after the House of Representatives left it open to delay beyond 2 November, the date of midterm elections in which the Democrats expect to fare badly in.“We know we don’t have the 60 votes for our position,” Durbin said yesterday. Tags: NULL whatsapp US Senate is divided in row over tax breaks center_img Share KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Show Comments ▼last_img read more