Politics

Pending tax hikes cause Democratic tension

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With the Bush tax cuts set to expire in five months, congressional Democrats are at odds over whether to allow the increase with the economy still struggling.

Democratic lawmakers in both the House and Senate are advocating at least a temporary extension of the cuts for lower- and middle-income earners, who stand to see tax rates spike by up to 50 percent.

House Speaker Nancy Pelosi, D-Calif., and Treasury Secretary Timothy Geithner have both made clear they want tax cuts for the top income bracket to expire.

Full story: Pending tax hikes cause Democratic tension | Washington Examiner