Momentum builds for extending all of President Bush’s tax cuts

By Vicki Needham and Ian Swanson at The Hill

EXCERPTS:

‘Sen. Ben Nelson (Neb.), a centrist who has been a key vote on several Obama administration initiatives, said Thursday he supports extending all of the George W. Bush-era tax cuts until the economic recovery has taken root. Raising taxes on wealthier taxpayers could hurt the economy, he said.’

‘Earlier in the day, Obama refrained from promising to veto legislation that extends tax cuts not only for the middle class, but also for individuals with incomes of more than $200,000 and families with incomes of more than $250,000.’

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