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FBN's Rich Edson on the disagreement between House Republicans and Democrats over a tax policy.
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-- Republicans and Democrats you're -- for a fight over taxes this week.
As they prepare for a vote on competing proposals big question is.
Are they offering Americans tax breaks our tax hikes -- -- is in Washington with more and rich great to see you it's like they're fighting over what's even call.
This policy.
Exactly because this -- strangely not doing anything there's a tax increase of congress -- call it quits for the rest of the year taxes wage increase.
On nearly all income capital gains dividends and more so some Democrats argue.
They are offering a tax cut.
By shielding those families earning less than 250000 dollars a year from these automatic tax increases congressman Jim McDermott says.
-- the republic is really worried about lowering taxes for Americans helping their campaign donors.
We're simply saying no to -- real compromise and getting something done one Republican senator says the democrats' plan is little more.
And a tax increase.
They say it's only going to be on 3% of the taxpayers.
But it will be nearly a trillion dollar tax hike over ten years I you'd be a huge mistake to let these.
These rates expire -- allow -- -- -- So what happens next house will likely -- Thursday a bill to extend them all current tax rates on ordinary and investment income.
The senate has passed a bill that shields only individual income of 200000 dollars a year or less from that tax increase.
And for the next three months Democrats Republicans will try to sway voters to their tax positions and -- try to will eventually settle this after the election.
Back to you.
Rich politics at its best of content -- a lot of a lot -- worst.
That's exactly thank you --
