In it, but not of it. TPM DC

House Vote On Middle-Income Tax Cuts Likely This Week

Pkeocsfbo2tiyppywwcm
Newscom

Keep in mind, there's still a great deal of uncertainty about Dems' tax cut strategy. Through last week's congressional recess, neither House nor Senate Dem leaders had the votes to pass a plan like this, and leaders in both chambers were signaling pretty clearly that the coming vote will be both a symbolic political statement about GOP priorities, and a starting point for a negotiated compromise with Republicans and conservative members of their own party.

The main options under consideration include: a new tax bracket for millionaires (more on this later), a temporary extension of the top-bracket cuts, and a temporary extension of all the 2001 Bush tax cuts: this is the Dems' surrender option.

On a somewhat related note, unemployment benefits are scheduled to expire tomorrow for about two million out of work Americans.