Nightly News | December 02, 2010
House passes extension on middle-class tax cuts only
The House passed a bill Thursday to extend middle class tax cuts while letting those for the wealthy expire, even as talks continued on extending them all. NBC White House Correspondent Savannah Guthrie reports.
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This content comes from Closed Captioning that was broadcast along with this program.
>>> on capitol hill tonight, there was movement toward agreement on extending the bush era tax cuts , between though talks between democrats and republicans were tense and some harsh words were exchanged. it's a high-stakes game that will ultimately affect every american. our white house correspondent savannah guthrie watching it all tonight. savannah, good evening.
>> reporter: good evening to you, brian. some kind of deal to extend these bush era tax rates is all but certain, and even though behind the scenes there seem to be quite a bit of progress from the public's view, it looked like two sides still very much at war.
>> can you tell us if there's a deal on tax cuts , sir?
>> reporter: the president signaled tax cut talks were full steam ahead.
>> i believe it will get resolved. that doesn't mean there may not be some posturing over the next several days.
>> reporter: even as me negotiators met --
>> let me say, there will be no tax bill for any situation unless there is a tax cut for middle income people in our country.
>> reporter: an up or down vote on extending tax cuts only for those making less than $250,000 a year. essentially daring republicans who want tax cuts for all earners to vote no.
>> the motion is adopted.
>> reporter: republicans were furious over what they consider a gimmick.
>> trying to catch my breath so i don't refer to this -- this maneuver going on today as chicken crap, all right? but this is nonsense!
>> reporter: under pressure from the liberal wing of the party, democrats are now considering whether to stage a similar vote in the senate, all but certain to fail to hammer republicans.
>> remember when you guys discovered the word "debt tax?" it had its effect in a way i didn't like, but it had its effect. now we have millionaires, tax breaks .
>> reporter: a deal on all of this could come as early as next week. it's not just those income tax rates on the table. the white house is also pushing for an extension of unemployment benefits as part of any deal as well as business tax breaks.
>> savannah guthrie at the white house tonight. savannah, thanks for