WASHINGTON — Republicans are feeling empowered in their fight to extend tax cuts that expire in January, including those for the wealthy.6 comments on this story
President Barack Obama wants to compromise to continue cuts for middle-income families. He may be open to keeping all the tax breaks for a year or two.
Fresh off big victories on Election Day, some key GOP lawmakers want more.
New Hampshire's Republican Senator Judd Gregg says the cuts "should be permanent."
House Speaker-in-waiting John Boehner says permanent cuts "will reduce the uncertainty in America and help small businesses to create jobs again."
Democrats have House and Senate majorities for the lame-duck Congress starting this week. They need Republican support to get 60 Senate votes to pass a tax bill.