Recently, the two Republican senators to stop the U.S. Senate, Barack Obama hopes to extend the Bush era “not only for the middle class tax cuts for the rich” plan blocked. Later, Obama: tax cuts to any extension of the new legislation must include the extension of federal unemployment benefits and tax cuts he proposed.

Failed to pass tax cut plan

Prior to the first Senate votes to 36 votes to 53, failed to pass the first tax cuts Obama: The annual income of more than 200,000 U.S. dollars and annual income of more than 250,000 U.S. dollars of the couple, may not extend the tax cuts. The second vote of the Senate and then by 53 votes to 37 votes Dangxia another extension of tax cuts: No more than millions of dollars in income tax cuts. Two bills to stop the rich tax cuts less than the required 60 votes 7 votes.

Analysts say the Democratic Party to promote the tax cut bill is to satisfy those who oppose tax cuts for the wealthy Democratic supporters of the requirements.

The Bush tax cuts expired in January, though Democrats and Republicans have agreed to extend this policy, but the two parties on this issue has major differences: Democrats accuse Republicans only know that support millions and billionaires; Republican Party claimed that the recession period did not let anyone make sense to increase taxes. Each side.

Obama is willing to make concessions

Senate Republicans recently refused to allow the middle class to enjoy the former President Bush approved a permanent tax cuts, Obama expressed disappointment.

Obama said: “Those terms should have passed. I still think, to make the most affluent 2% tax cuts permanent, and the withholding of the middle class tax cuts permanent, which is not justified. Particularly because those high-income tax relief will result in the loss of 700 billion U.S. dollars, we do not have the money, it will increase our budget deficit. However, because this issue is so crucial matter, the division not represent the end of the discussion. ”

Democrats say he is, he can conditionally on the Bush era tax cut extension bill to make concessions. Obama said: “We must solve this problem, I am confident that we can do. We must let people feel at ease, uncertain January 1 next year, no one will raise taxes.” According to Bloomberg news agency reported, if the new legislation does not include work for every couple to have 800 U.S. dollars to provide “job tax” project, Obama rejected the extension of the Bush era tax cuts of any legislation. He also hopes to have the working poor, students and parents of adopted children to provide more tax-free policy has been postponed.

Republicans seek to reach a compromise

How to extend former President Bush’s tax cut plan is mid-term elections the two parties deadlocked over the issue so far. If Congress does not pass the bill in time be extended from January 1 next year, all Americans will raise taxes, the minimum tax rate from 10% to 15%, 35% top rate increased from 39.6%.

To this end, Republicans vote against Obama proposed programs to achieve all Americans tax cuts permanent, including the most wealthy class. Republicans say it helps create jobs.

However, from Kentucky, said Senate Republican leader MitchMcConnell, for “no tax increases during the recession question,” he was confident an agreement with the White House. He said the two sides will continue to discuss such issues as how long the tax cuts.

White House officials and a specific group of legislators in the past few days have been holding meetings in order to reach a compromise. Right now temporary extension of the issues discussed include the income tax rate and to extend unemployment benefits for the long-term unemployed, the welfare measures is also about to expire.

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