Obama, Congress Maneuver to Extend Unemployment Benefits in Exchange for Current Tax Rates

Obama, Congress Maneuver To Extend Unemployment Benefits in Exchange For Not Raising Taxes
Fox News: WASHINGTON — After Senate Republicans, with the help of a few Democrats, refused to cave on extending Tax Rates for the wealthy next year, a deal to extend Unemployment Benefits in exchange for White House agreement on continuing everyone’s current rate appears to be gaining traction. Senate Republican leader Mitch McConnell said Sunday that it’s clear to him taxes will not be raised for anyone next year — and that Unemployment compensation for those jobless b...

Video: Dem calls for pitchforks if GOP extends current tax rates in deal?
Say, remember when Tea Party displays of pitchforks demonstrated the violence inherent in the Right? Meet Senator Claire McCaskill (D-MO) .. Tea Partier and radical right-winger. Fox News highlights McCaskill’s whiny response at Republican insistence on keeping all of the current Tax Rates in place for at least the next 2-3 years, apparently believing that this means that people keeping their own money is somehow a gift from the government. If Republicans oppose more government confiscat...

GOP, Dems nearing deal on taxes, jobless benefits
WASHINGTON — An outline of a Bipartisan economic package is emerging that would temporarily extend the Bush-era Tax Rates for all Taxpayers, while extending jobless benefits for millions of Americans. Differences remained over details, including White House demands for middle- and low-income Tax Credits. But the White House expressed optimism Monday, raising the possibility of a deal in Congress by the end of the week. "They are making progress," said White House spokesman Bill Burton. "Th...

McConnell Confident Of Tax Cut Extension
(NewsCore) - After Senate Republicans, with the help of a few Democrats, refused to cave on extending Tax Rates for the wealthy next year, a deal to extend Unemployment Benefits in exchange for White House agreement on continuing everyone's current rate appears to be gaining traction, FOXNews.com reported Sunday. Senate Republican leader Mitch McConnell (R-Ky.) said Sunday that it's clear to him taxes will not be raised for anyone next year -- and that Unemployment compensation for those jobless...

Obama backs plan to extend tax cuts
Source: FT President Barack Obama has given his explicit approval for a deal that would allow all Bush-era Tax Cuts to be extended for two years as long as Unemployment Benefits were also continued, as lawmakers from both parties edged towards a Compromise. The deal, which could be finalised as soon as Tuesday, would meet Republican demands that no Americans should face a Tax Increase while The Economy remained in poor shape, but without ceding to their insistence that all the cuts be made perma...

Republicans hint at compromise on tax cuts and unemployment benefits
The Senate Republican leadership telegraphed on the Sunday morning Talk Shows that a Compromise to extend Unemployment compensation and the George W. Bush-era Tax Cuts is in the offing. This Story Republicans hint at Compromise on Tax Cuts and Unemployment Benefits 44: McConnell says Dems will cave on tax cuts Senate Minority Leader Mitch McConnell (R-Ky.) and Sen. Jon Kyl (Ariz.), the Republican whip, told different interviewers that they expect Congress to vote for the tax cuts, which have ...

Obama, Congress Maneuver To Extend Unemployment Benefits in Exchange For Not Raising Taxes
Fox News: WASHINGTON — After Senate Republicans, with the help of a few Democrats, refused to cave on extending Tax Rates for the wealthy next year, a deal to extend Unemployment Benefits in exchange for White House agreement on continuing everyone’s current rate appears to be gaining traction. Senate Republican leader Mitch McConnell said Sunday that it’s clear to him taxes will not be raised for anyone next year — and that Unemployment compensation for those jobless b...

Obama pushes middle class tax cuts, investment
President Obama made his fifth trip to the Swing State of North Carolina on Monday, as Democrats and Republicans in Washington appeared close to reaching a costly deal that would extend Bush era cuts for all income levels and aid for the jobless. The president has said he would oppose any extension of the Bush Tax Cuts if it was not accompanied by an extension of Unemployment Insurance benefits and of other Tax Cuts for Middle Class families. Obama made his position clear in a conversation on S...

GOP Holding the Needy Hostage on Unemployment Benefits
The Holiday Season leads many of us to reconsider our priorities, weighing whether we are spending our time and money on the right things. How unfortunate that the period of reflection does not seem to include some of the biggest money-movers in America. First, there’s Congress, which appears ready to come to a deal on Tax Cuts and an extension of Unemployment Insurance. Republicans are insisting that the Bush-era Tax Cuts – which the country really couldn’t afford to begin w...

Congress Moving Toward Extending Bush Tax Cuts for All -- for Now
With the Dec. 31 deadline looming for the expiration of the Bush-era Tax Cuts, White House and Congressional negotiators appear be moving toward a deal that would temporarily extend the current Tax Rates for all households, while also extending Unemployment Benefits for Americans who have been out of work for more than 26 weeks. Specifically, the proposal would permanently extend the Bush tax cuts on all annual household income below $250,000, while temporarily continuing current Tax Rates for i...

Two Years Of Tax Cuts For One Year Of Unemployment Benefits?
WASHINGTON — President Obama has insisted that a reauthorization of the Bush-era Tax Cuts include a reauthorization of federal Unemployment Benefits. But will the programs for people laid off through no fault of their own be kept in place as long as Tax Cuts for the rich? Republicans have said they want the Tax Cuts reauthorized for at least two years. "I've said that neither side has the votes to get what they want so I think we're going to have to kick it over for about two years," sa...

Lawmakers optimistic about deal on tax cuts
WASHINGTON (Reuters) - Senior lawmakers said on Sunday 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 $700 billion to Budget Deficits over the next 10 years. Republicans, who made big gains in the Nove...

GOP leaders hint at compromise on tax cuts, jobless benefits
The Senate Republican leadership telegraphed on the Sunday- morning Talk Shows that a Compromise to extend Unemployment compensation and the George W. Bush-era Tax Cuts is in the offing. Senate Minority Leader Mitch McConnell (R-Ky.) and Sen. Jon Kyl (Ariz.), the Republican whip, told different interviewers that they expect Congress to vote for the tax cuts, which have been in effect for almost a decade, to continue unaltered for at least several years in exchange for an agreement to extend a...

Tax deal 'recipe' could mix in help for all Americans
WASHINGTON — Members of Congress said Sunday they are on track for a deal that would include a temporary extension of the George W. Bush-era Tax Cuts for all Americans. An extension of Unemployment Insurance — a demand of President Obama and many Democrats— would also be part of a potential agreement, lawmakers from both parties said on various Talk Shows. "Most folks believe that the recipe would include at least an extension of Unemployment Benefits ... and an extension of all...

I Have A Simple Question
By Carl Why? I mean, I get that Unemployment Benefits could stand an extension, to be certain. Why not put that to an Up or Down vote on its own merits and let the Teabaggers and their relatives see what they have wrought? Why not, for Deficit reduction sake, let the goddamn moronic Bush Tax Cuts just die, and pass a new set of targeted tax cuts?

Senators expect deal on tax cuts, unemployment aid
Reporting from Washington — Facing dire political consequences for both sides, Republican and Democratic leaders on Sunday appeared to be coalescing around a Compromise that would not only continue George W. Bush-era Tax Cuts for all Taxpayers but also extend benefits to unemployed workers. "I'm optimistic we'll be able to come together," Senate Minority Leader Mitch McConnell (R-Ky.) told NBC's "Meet the Press" a day after Republicans blocked a Democratic effort in the Senate to extend...

Kyl sees deal near on tax rates, jobless benefits
Sen. Jon Kyl (R-Ariz.) said Sunday that he believes the White House and the Senate are nearing a deal that would extend Bush-era Tax Cuts and Unemployment Benefits. "I think an agreement could be reached in the relatively near future," Kyl said on CBS's "Face The Nation." "Most people believe that the recipe 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 peri...

Kyl: 'Recipe' for tax deal likely to include unemployment benefits
Senate Minority Whip Jon Kyl (R-Ariz.) said Sunday that he expected the "recipe" for a tax-cut Compromise to included extensions of Unemployment Benefits and Bush-era Tax Rates for all income brackets. Appearing on CBS's "Face the Nation" with his Democratic counterpart Dick Durbin (D-Ill.), Kyl accused leaders of "wasting a week" of going through political maneuvers such as the Saturday session called by Majority Leader Harry Reid (D-Nev.). A proposal by Finance Committee Chairman Max Baucus ...

GOP, Dems nearing deal on taxes, jobless benefits
WASHINGTON (AP) - An outline of a Bipartisan economic package is emerging that would temporarily extend the Bush-era Tax Rates for all Taxpayers, while extending jobless benefits for millions of Americans. Differences remained over details, including White House demands for middle- and low-income Tax Credits. But Republicans and Democrats appeared to come together Sunday, raising the possibility of a deal in Congress by the end of the week. Some Democrats continued to object to extending curre...

GOP, Dems Near Deal on Tax Cuts
An outline of a Bipartisan economic package is emerging that would temporarily extend the Bush-era Tax Rates for all Taxpayers, while extending jobless benefits for millions of Americans. Differences remained over details, including White House demands for middle- and low-income Tax Credits. But the White House expressed optimism Monday, raising the possibility of a deal in Congress by the end of the week. "They are making progress," said White House spokesman Bill Burton. "The president is co...

Obama backs plan to extend tax cuts
President Barack Obama has given his explicit approval for a deal that would allow all Bush-era Tax Cuts to be extended for two years as long as Unemployment Benefits were also continued, as lawmakers from both parties edged towards a Compromise. The deal, which could be finalised as soon as Tuesday, would meet Republican demands that no Americans should face a Tax Increase while The Economy remained in poor shape, but without ceding to their insistence that all the cuts be made permanent. EDIT...

U.S. lawmakers optimistic about tax cut deal
Senior U.S. lawmakers said Sunday 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 $700 billion to Budget Deficits over the next 10 years. Republicans, who made big gains in the Nov. 2 congressional elect...

McConnell predicts accord on tax cuts
Published: Dec. 5, 2010 at 1:40 PM WASHINGTON, Dec. 5 (UPI) -- Senate Republican leader Mitch McConnell said Sunday an agreement can be worked out and a rise in Tax Rates is dead. Speaking on NBC's "Meet the Press," McConnell, R-Ky., said, "This argument is over. ... The Senate voted yesterday. Every Republican and five Democrats said we're not raising taxes on anybody in the middle of a Recession." "Obviously, the president won't sign a permanent extension of the current tax rates," he added. "...

Jim Neal: Can the President Count?
After a week or two of negotiating with himself over Tax Cuts to the wealthy, Mr. Obama has played his hand. He has agreed to cut taxes for the rich in return for an extension of Unemployment Benefits. Unlike Mitch McConnell and John Boehner who drew a line and the sand and didn't budge, the president never put a marker down. Signaling his continued willingness to embrace Bipartisanship bludgeoning, Mr. Obama never says no. Less one think that the president's has capitulated on a bulwark of h...

Republicans Set To Accept Democrats Surrender On Taxes
It's all over but the shouting and there will be shouting from the left. A day after the Senate rejected President Obama’s preferred tax plan, officials said the broad contours of a Compromise were in focus. Rather than extending the Tax Rates only on income described by Democrats as Middle Class — up to $250,000 a year for couples and $200,000 for individuals — the deal would also keep the rates for higher earners, probably for two years. In return, Republicans said they would probably agre