Politics

Tax deal getting close, Democrats worried Obama may cave

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Washington (CNN) – Multiple congressional Democratic sources tell CNN that a compromise to extend all Bush-era tax cuts temporarily is getting close, and that there is increasing concern among Democratic lawmakers that the White House will not fight hard enough to get Democratic priorities in return.

“The goose is cooked,” said one senior Democratic source, “the question is what the larger deal is going to look like.”

Many Democrats are unhappy at the prospect of giving up on their goal of permanently extending tax cuts only for those making $250,000 and less. Sources in both parties say a deal in the works would extend all expiring Bush era tax cuts for all income levels for two or three years.

Full Story: Tax deal getting close, Democrats worried Obama may cave – CNN Political Ticker – CNN.com Blogs