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WaPo: Fate Of Tax Cuts Is Key Issue As Congress Returns

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Tags: Bush Tax Cuts, Congress, Deficit

Congress is returning for a final pre-election legislative session on Monday to confront the thorny issue of potentially raising taxes during an economic downturn, with neither party showing clear consensus on a solution.

The main order of business in the coming weeks will be debating the fate of income tax cuts approved under the George W. Bush administration in 2001 and 2003 that are scheduled to expire at the end of this year. House Minority Leader John A. Boehner (R-Ohio) surprised Democrats on Sunday when he said he might not oppose President Obama's plan to extend the cuts for all but the wealthiest households, although he reiterated his preference for keeping the lower rates in place for all income groups.

Read the entire Washington Post article here.

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