Negotiators work on tax deal as House passes bill
WASHINGTON (AP) — The House has passed a bill to extend middle-class tax cuts while letting those for the wealthy expire, even as talks continue on extending the cuts for everyone.
The bill is a political maneuver to satisfy Democratic supporters who oppose extending tax cuts for the wealthy. Even if the bill passes the House, it has no chance in the Senate, where Democrats need Republican support to pass a tax bill.
Sweeping tax cuts enacted under former President George W. Bush expire at the end of the year. A small bipartisan group of lawmakers and Obama administration officials cont...