Boehner: House will act before election to extend all tax rates
POSTED: Wednesday, May 9, 2012 - 5:00am
UPDATED: Wednesday, May 9, 2012 - 10:37am
The House will vote before the November elections to extend all of the current tax rates that are set to expire at the end of the year, Speaker John Boehner (R-Ohio) said Tuesday.
Boehner warned about a “train wreck” of big-ticket legislation that could be left for a lame-duck session if Congress doesn’t act beforehand.
House Republicans have been discussing plans to extend the George W. Bush-era tax rates, and Boehner said leaders had not decided whether to act to make them permanent or extend them temporarily.
For more on this story, head to the Hill at http://thehill.com/blogs/on-the-money/domestic-taxes/226179-boehner-house-will-act-before-election-to-extend-all-tax-rates