December 5th, 2010
10:52 AM ET
3 years ago

Senators offer different timetables for tax cuts

Washington (CNN) - The congressional battle over the extension of the Bush-era tax cuts continued Sunday when Utah Republican Sen. Orrin Hatch said he would accept a two-year extension of the current tax levels, and Oregon Democratic Sen. Ron Wyden said he would accept a one-year extension.

"I've said that neither side has the votes to get what they want, so I think we're going to have to kick it over for about two years," Hatch said on CNN's "State of the Union."

Although he said he would rather have a permanent extension, he acknowledged that neither Republicans nor Democrats will be able to get everything they want in reference to tax cuts.

Wyden agreed that the current levels should be extended, but differed from Hatch on the time line.

"I'd be willing to go along with a one-year extension so we can protect the middle class," Wyden told CNN Chief Political Correspondent Candy Crowley.

He said one year is enough time to fix the country's "job-killing, insanely complicated mess of a tax system."

In a vote Saturday, the Senate voted against a provision to extend the tax cuts for those making less than $250,000 a year and a separate measure to extend the tax cuts for those making under $1 million a year.

But both senators agreed that unemployment benefits should be extended - something the Senate also recently voted against.

Hatch said it is something the Senate will "have to do," and Wyden said the issue requires "fast action."

"This is a town driven by a culture of procrastination," Wyden said. "If you don't force fast action, what you'll end up doing is just kicking the can down the road and the only thing those jobless Americans are going to get is a really kicked can."

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Filed under: Orrin Hatch • Ron Wyden • Taxes • TV-State of the Union
soundoff (5 Responses)
  1. Indie Woman in Denver

    The Repubs in Congress are greedy ba$tard$. The want tax cuts for the gazillionaires to go on forever AT THE EXPENSE OF THE POOR AND MIDDLE CLASS, which is what it will be, not to mention that our great-great grandchildren will still be dealing with an even worse deficit than we have now. If the rich folks actually created jobs it would make sense to extend tax cuts for the riich, BUT THEY DON'T. If they did, the economy would be doing great. Mitch McConnell & John Boehner do everything they can to hurt the middle and lower class. These guys have got to go! 23 months till the next election.

    December 5, 2010 11:10 am at 11:10 am |
  2. Anonymous

    Too much doubt and uncertainty from our *leaders* fuels this conversation of tax breaks to the point of absurdity ... let them ALL expire.

    December 5, 2010 11:12 am at 11:12 am |
  3. King

    Lesson the economy runs off demand not tax cut. Just like the boom in the Clinton administration. When bush did the tax cuts it sent our economy into he'll. When the Demand is high companies have to compete like he'll to get the customers demand money, that means better quality and quantity to out compete his computers for customers. When demand is low businesses go out or business and the ones that survive have to lay off employee to survive. We've got to find a way to strengthen customers demand power. The REBUILDING AMERICA INFRASTRUCTURE AND TRANSPORTATION SYSTEM (RAPTS), incising NASA, will be the most massive modernization of America in history. By using 700 billion rich tax cut money and hiring 6 to 7 million people directly, it will gain 2 to 3 million more jobs indirectly catapulting the unemployment rate under 7 percent immediately. Steel and brick companies will flourish. The state will get their money via state tax revenue, and the project will set up toll booth to use the new project for as long as to repay the money back. It's time we put away ideology which have been keeping our country back, and catapult into the future.

    December 5, 2010 11:30 am at 11:30 am |
  4. Bessy

    Don't complain if you voted Republican.

    December 5, 2010 11:58 am at 11:58 am |
  5. Gil

    Repulsives are out to redefine the fact that the rich do not create jobs and they can't find any documentation other than their lying mouths and FOX to make that statement! I hate them all and now the idiots in this country sent us more of them. The rich will only get richer with the repulsives in office

    December 5, 2010 12:10 pm at 12:10 pm |