NEW YORK (CNNMoney.com) - President Obama is meeting on Tuesday morning with House and Senate leaders of both parties to begin to negotiate the terms of extending the Bush tax cuts. The expectations are low that they will reach any quick agreement.
At the very least, both parties want to ensure that the tax cuts are preserved for lower- and middle-income families. But that's about the only thing they agree on at the moment.
See how much more you'd pay if the tax cuts expire, at CNNMoney.com: