Will Bush Tax Cuts be Extended? House to Vote Next Week

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The House will vote next week on whether to extend Bush-era tax cuts for another year.

Last Wednesday, the Senate voted to approve the Democratic tax cut proposal, which would extend the current tax cuts for those with adjusted gross income under $200,000 for singles or $250,000 for couples. House Republicans have a proposal on the table, which would extend Bush-era tax rates another year, for all income levels. Speaker John Boehner, R-Ohio, said he would allow the House to vote on the proposals next week.

To learn more read, House to Vote Next Week on Dueling Bush Tax Cut Extension Bills