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Senate Offers Dueling Tax Cut Plans

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  • Description

    FBN's Peter Barnes on lawmakers' plans to extend the Bush-era tax cuts.

  • Duration 1:39
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The countdown is on for the possible expiration of the bush era tax rates at the end of the year.

And lawmakers on both sides are putting together plans to -- extend the cuts Peter burns is in Washington with more Peter harm.

But -- about the senate and the house of teed up -- on extending the bush tax cuts in part or in -- They -- votes are largely symbolic however -- mainly for election year purposes neither side.

As the necessary sixty votes to get anything done.

In the senate before the election so the senate will go first -- votes this week Democrats propose extending the tax cuts.

Only for families making less than 250000 dollars a year and just for a year as president Obama's proposal.

The Democrats hope to at least get a majority in favor of this but it will be close to senators Democrat Jim Webb of Virginia and independent Joseph Lieberman of Connecticut have both announced they will not vote for that plan leading democratic leaders with just at most.

51 votes regardless of the outcome Democrats hope to curry favor with voters on the issue.

Post should polls show voters generally favor higher taxes on wealthier earners a reason Fox News poll.

Found 52% of voters support raising them while 42% do not but here is the risk for the president and Democrats for pushing this.

Only 16%.

Of voters but it was a good idea to raise taxes in a tough economy.

While 74%.

Said it was a bad idea.

House Republicans plan a vote on extending all of the bush tax cuts for every one next week -- In the theater continues Peter Brian thank -- so much such a good way to.

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