Stig Östlund

fredag, december 03, 2010

House votes to keep lower tax rates for incomes under $250,000

The House of Representatives has passed a measure to keep lowered tax rates for individuals earning less than $250,000 a year.
The vote -- 234 to 188 -- in Congress' lame duck session was a largely symbolic one boosted by Democrats, still in the majority, who sought to force Republicans to vote against a tax cut. Republicans, who want an extension of the lower rates at all income levels, framed the vote as one that would raise taxes on small-business owners who create jobs.
After a White House meeting Tuesday, a bipartisan group continues to work on a compromise that could potentially extend all tax rates on a short-term basis. /Los Angeles Times

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