Senate Leader Hopeful About Extending Middle Class Tax Cuts

09.15.10 | FL News Team

(Washington, DC)  --  Senate Majority Leader Harry Reid is hopeful about extending middle class tax cuts.  Bush-era tax cuts are set to expire this year. Democrats want to make middle class tax rates permanent while letting tax cuts for the rich expire.  Republicans insist that all the tax cuts should be extended, arguing that raising any taxes will hurt job growth.

Democrats say extending tax cuts for the wealthiest Americans will grow the soaring federal deficit.  Reid told reporters that extending middle class tax cuts would be the "right thing to do."  Dems control 59 votes in the 100 member Senate and 60 votes are needed to move critical issues forward.