Republican John Boehner has proposed a two year extension for all of the Bush tax cuts. Previously, the Republicans opposed a short term extension and instead wanted the tax cuts to become permanent. A two year extension would delay an increase until after the next Presidential election. Currently, the Obama administration is opposed to any extension of tax cuts for the top two tiers.
To read a related Wall Street Journal article, please click here:
http://blogs.wsj.com/washwire/2010/09/08/boehner-offers-concession-on-tax-cuts/
Jim Sutliff