House Republicans tomorrow will vote on a short-term extension of critical tax breaks that expired a year ago after a long-term agreement was scuttled by President Obama.
The measure would renew the breaks retroactively until the end of 2014, which means the new year will bring yet another fight to extend at least some of the cuts on a more permanent basis.
The short-term bill was announced after Obama declared he would veto a legislative plan that would have extended most of the tax cuts until the end of 2015 and would have made permanent some tax cuts that favor businesses.
“It would have been nice to have a longer-term deal,” House Majority Whip Steve Scalise, R-La., said Tuesday. “Unfortunately, the White House decided to go and block that. It put more uncertainty on people’s plates.”
Sen. Ron Wyden, D-Ore., said he’s still negotiating a longer-term tax deal with Republicans.
Democrats have complained that the GOP version does not include tax breaks that would benefit lower- and middle-income workers.
“I’m going to be talking to my colleagues and clearly, I want to make sure working class families get a fair shake,” Wyden said Tuesday.