Schumer Wants Early Fight on Ending Tax Cuts for Top Earners
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Senate Democrats are considering a debate on ending the George W. Bush-era tax cuts for top earners before the November election because they think they’re in a stronger position than in 2010, Senator Charles Schumer said.
The tax cuts expire for all income brackets on Dec. 31. Schumer of New York, the third-ranking Senate Democrat and architect of his party’s communications strategy, says he doesn’t want to wait until the end of the year to debate Republicans over ending the break for high-earning taxpayers. The issue is part of the Democratic campaign theme of promoting tax fairness, he said.