The vote on extending the Bush era tax cuts is likely to be delayed until negotiators meet this week. Extension of the tax cuts for individuals earning $200,000 or less and married couples earning $250,000 or less is supported by both parties. However, Republicans also support extending the tax cuts for higher income taxpayers as well as keeping the 15% rate for dividends and capital gains. Estate tax provisions are also set to expire and are a point of negotiation between the parties.
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Jim Sutliff