Van Hollen would consider tax cuts for wealthy for another year

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U.S. House Democrat Chris Van Hollen said he would consider extending Bush-era tax cuts for wealthier Americans for a year if Republicans would agree to make the reductions permanent for “middle class” taxpayers.

Republicans, including House Minority Leader John Boehner, have insisted that the tax cuts should be extended for all Americans for two years. Taxes are expected to dominate the agenda when Congress returns next week.

“If they were to come back and say, ‘hey, let’s just do one year for the top 2 percent, and permanent for the middle class,’ that would be something that obviously people would have to think about,” Van Hollen said in an interview on “Political Capital with Al Hunt” airing this weekend on Bloomberg Television.

Full Story: Van Hollen Would Consider Tax Cuts for Wealthy for Another Year – Bloomberg