House may vote on tax cuts Thursday: Van Hollen

[Kadie]

House may vote on tax cuts Thursday: Van Hollen

By Kim Dixon – 12 mins ago

WASHINGTON (Reuters) – The House of Representatives may vote Thursday on a measure to let income tax rates to rise for the wealthiest 2 percent of U.S. households, a top Democrat said Tuesday.

"Things can change but we are talking about Thursday," Representative Chris Van Hollen, a member of the Democratic leadership, said after meeting with other lawmakers.

Lawmakers are scrambling to reach a deal before the end of the year to delay expiration of tax cuts enacted under former President George W. Bush. Democrats want extension of lower rates for income up to $200,000, while Republicans want lower rates for income above that amount to be extended as well.

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