Obama, The Republicans Agreed To Negotiate Over Taxes

President Barack Obama and Republican leaders have tried to break an impasse over the fate of the era of tax cuts, George W. Bush on Tuesday, forming a new committee hopes that the White House to reach agreement in a few days. Obama appointed Treasury Secretary Tim Geithner and Budget Director Jack Lew to work with Republicans and Democrats in Congress on a deal to avoid general tax increases to hit income Americans next year.


The working group will also address the policy rather than divides the two parts that must be done in extending the tax cuts for the wealthiest Americans. At its first meeting in the White House since the Nov. 2 election in Congress, Obama and the Republicans maintained their different positions, but the president said he agreed that the issue should be resolved by the end of this year.

"We agreed that there must be some reasonable doubt, so I have appointed me Minister Tim Geithner and his budget director, Jack Lew, to work with representatives of both parties to break this impasse," said Obama. If no agreement is reached, all American taxpayers could see their bills next year.

when the Republicans a chance to score politically, making the tax cuts of order of importance, taking control of the House of Representatives in January. Finding common ground before it has been difficult. Chris Van Hollen, the top Democrat said the House of Representatives voted on Thursday to extend the lower tax rates on income levels up to $ 200,000 $ 250,000 individual or couple.

whose prices are the wealthiest 2 percent of Americans is growing. This vote is seen as a gesture of liberal Democrats, who want to go to a store expansion of the counterparty to the top wage earners. If the measure passes the House, it will likely die in the Senate, where Democrats would not have the votes to make it law.

Knowing this, the President may agree to extend the cuts for Americans of all income levels one to three years an expensive option for many Democrats, but may be the most likely outcome if both parties agree on anything. But many analysts are not optimistic. Charlie Smith, chief investment officer of Pittsburgh, Fort Pitt Capital Group, said he had less than one percent chance that the 50 tax cuts are extended.

WIDE DIFFERENCES:

Obama said, and many Democrats still believe it would be "unwise and unfair" to use the 700 billion U.S. dollars to continue tax cuts for wealthy Americans while trying to overthrow the U.S. deficit. The Republican leaders, encouraged by gains in the elections, arguing that it would be a better economy if tax cuts are extended to all Americans.