09/12/2010 - Congress returns this week with embattled Democrats torn between trying to show they have the economic answers and fearing the further wrath of voters over new government programs.
It appears the fears will win out.
Obama and most Democrats want the extensions to apply only to individuals with annual incomes of less than $200,000, or joint filers earning less than $250,000. Continuing those tax cuts would result in a loss of $2.2 trillion in revenue over 10 years, while an extension for the wealthiest Americans would cost an additional $1.1 trillion, according to the Pew Economic Policy Group.
Read the article Congress to Tread Carefully in Run-up to Midterm Vote on the Seattle Times Web stie.