US lawmakers keen to strike deal on tax cuts and job aid

first_imgSunday 5 December 2010 11:32 pm Share SENIOR US lawmakers said yesterday they were optimistic about striking a deal to extend Bush-era tax cuts for all taxpayers and continue emergency jobless aid for millions of long-term unemployed Americans.President Barack Obama and other Democratic leaders want to extend the cuts only for low and middle income Americans, arguing that the tax breaks for the wealthy would add $700bn (£444bn) to budget deficits over the next 10 years.Republicans, who made big gains in the 2 November congressional elections, want rates unchanged for all taxpayers. They say the uncertainty over taxes discourages investment and hurts job growth as the economy recovers from the worst recession since the Great Depression.“Most folks believe the recipe (of a deal) 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,” Republican Senator Jon Kyl said on CBS’s “Face the Nation” programme. Tags: NULL whatsapp US lawmakers keen to strike deal on tax cuts and job aid whatsapp Show Comments ▼ More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com KCS-content last_img

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