Thread: White House and Hill Republicans have outlines of tax deal

So now what deal are they making behind closed doors???????



White House and Hill Republicans have outlines of tax deal
By Alexander Bolton - 12/02/10 06:02 PM ET

White House negotiators and congressional Republicans have the outlines of a deal to extend the Bush-era tax cuts and federal unemployment benefits, which would end a partisan stalemate on Capitol Hill.

Under the prospective deal, all the Bush tax cuts would be extended for two years and unemployment benefits would be extended for one, according to congressional sources. Also under consideration is an extension of the Make Work Pay and college-tuition tax credits that were part of the 2009 economic stimulus package.

But nothing is final yet.

Sen. Jon Kyl (Ari.), who is representing Senate Republicans in talks with the administration, downplayed talk of a deal — as did the White House.

“If there is [a deal], I’m not aware of it,â€

that not right
is should be On TV so we all can see what going On

The latest from the Capitol: Earlier in the evening, Senate Republicans and Democrats appeared to be settling on a compromise that would bring four separate tax votes to the floor: two for each side. The Democratic votes would include one on the House passed bill, and one on Senator Schumer’s (D., N.Y.) bill that would extend current rates for all making up to $1 million a year.

But then Republican Leader McConnell phoned Majority Leader Reid to relay that a GOP objection has been raised to bringing up all four bills tomorrow. Without being able to get unanimous consent, Reid will file cloture tonight on just the two Democratic bills, likely setting up a Saturday vote. No word at this time which Republican member(s) objected.

When Reid found out about the Republican objection, he walked immediately to Senator McConnell’s office — but McConnell has already left the Capitol. Reid could be seen pacing McConnell’s sitting room, waiting, we assume, for McConnell to come back to his office.

More as it develops.

UPDATE: Harry Reid said he is “disappointedâ€

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Working on tax cuts right now!!!! Baucus is on speaking....


Kathyet