Democrats try to regain balance in fight over tax cuts
Congressional Democrats searched for leverage Friday in their bitter debate with Republicans over extending George W. Bush-era tax cuts, lashing out against giving “tax breaks to millionaires” and preparing for a rare weekend session in the Senate on the issue.
But the increasingly aggressive Democratic posture may come too late in the protracted battle over the fate of tax cuts that are set to expire Dec. 31. The White House has indicated it would consider an agreement with Republicans to temporarily extend all tax breaks, even for households earning more than $250,000 annually, if the GOP agreed to concessions and withdrew its block on certain Democratic priorities.