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a meeting on Capitol Hill Tuesday night

Von wu324234, 09:24

House Democrats, coming out of a meeting on Capitol Hill Tuesday night, said they were concerned that the compromise package would lower the estate tax to 35 percent -- it was scheduled to rise to 55 percent after having been 0 percent this year. Ugg Outlet In an interview with Fox News, Rep. Ugg Ultra Short Boots Charlie Rangel cited the sheer size of the package. "We're talking about the actual loss of revenue," he said Wednesday, defending his concerns about tax breaks for the wealthy. "We're talking dollars and cents."

The conservative Club for Growth made a similar argument, saying the bill should drop it for the sake of the deficit but make the tax relief permanent.The proposed compromise would extend the Bush tax rates for all Americans for two years. UGG Jimmy Choo It would extend long-term unemployment aid for one year, while also providing working Americans a temporary reduction in their Social Security payroll tax.It would extend a handful of tax breaks from the original stimulus bill, as well as allow businesses to expense all their investments in 2011. The Obama administration says the business provision alone could drive more than Ugg Nederland $50 billion in additional investment next year.

Though Senate Republican Leader Mitch McConnell said Tuesday the vast majority of his caucus would be supporting the deal, cracks were showing in some corners of the conservative wing. Ugg Suede Sen. Jim DeMint, R-S.C,in an interview on Hugh Hewitt's radio show, complained that the package would increase the deficit, specifically directing his concerns at $56 billion worth of proposed long-term unemployment aid. He suggested turning that into a loan. UGG Classic Cardy Boots At the same time, DeMint said the bill still taxes too much by raising the death tax at all and not making other tax rates permanent. "We don't need a temporary economy," he said.

Without calling it a stimulus, the White House continues to make an aggressive case for how the package will help rebuild the economy. President Obama practically lectured Democrats for being too "sanctimonious" during an afternoon press briefing Tuesday "There is a sense of urgency here," Ugg Laarzen Goedkoop Ugg Cable Knit Boots White House senior adviser David Axelrod told Fox News. He said the typical family faces a $3,000 annual tax increase without this deal."We want to get something done," he said Wednesday, warning that the economy could "fall backward" if the compromise fails.

House Democrats, coming out of a meeting on Capitol Hill Tuesday night, said they were concerned that the compromise package would lower the estate tax to 35 percent -- it was scheduled to rise to 55 percent after having been 0 percent this year.In an interview with Fox News, Rep. Ugg Boots Sale Ugg Ultra Short Boots Charlie Rangel cited the sheer size of the package. "We're talking about the actual loss of revenue," he said Wednesday, defending his concerns about tax breaks for the wealthy. "We're talking dollars and cents."