Democrats Close to Delaying Vote on Bush Tax Cuts
Washington (AP) - Two leading Democrats say a Senate vote to extend sweeping tax cuts that expire in January might have to wait until after the November congressional elections.
Senate Finance Committee Chairman Max Baucus of Montana said he is ready to take action, but other Democrats are eager to start their election season recess, leaving little time to address the tax cuts. Democratic Sen. Tom Carper of Delaware said the political climate "is not conducive" to addressing the tax cuts before the election.
Democrats were expected to make a final decision on the debate's timing during a lunchtime caucus Thursday.
The most sweeping tax cuts in a generation, enacted in 2001 and 2003, are due to expire in January.