WASHINGTON (AP) — An election-year tax faceoff between Democrats and Republicans in the GOP-controlled House is heading toward a predictable outcome Wednesday.
Republicans are poised to pass a bill to renew a full slate of Bush-era tax cuts for every working American. Democrats are countering with a doomed plan that would extend the tax cuts for all but the highest-earning Americans.
The dueling votes are more about political messaging three months before Election Day than a genuine attempt to resolve longstanding differences over taxes on higher-bracket earners.
The impasse threatens a fiscal stalemate that could result in higher payroll deductions for every worker.
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