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September 14, 2010

Senate Republicans Oppose Obama Plan to End Tax Cut for Wealthiest
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Senate Republicans are gearing up for a clash over President Obama’s
plan to end the Bush-era tax cut for the wealthiest Americans. Last week
Obama unveiled a plan to extend tax cuts only for households earning
less than $250,000. On Monday, Senate Republican leader Mitch Mc Connell
unveiled a measure that would continue all the tax cuts indefinitely.
The move comes one day after House Republican leader John Boehner said
he would vote for Obama’s plan if he had no other choice. Obama’s plan
is also facing opposition from several members of the Senate Democratic
caucus. On Monday, Independent Senator Joseph Lieberman of Connecticut
said he opposed ending the tax cut, saying, "The more money we leave in
private hands, the quicker our economic recovery will be."



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