Senate Majority Leader Harry Reid told reporters today that he plans to move on a tax cut package before Congress adjourns next month ahead of the November elections…but he still doesn’t know what that package will call for.
Reid expects a vote on the package “before we leave,” leaving Democrats little time to determine whether they’ll proceed with President Obama’s plan to extend all of the Bush tax cuts, except for those that benefit the wealthiest Americans.
Reid said today that he supports the President’s plan, but he’s still unsure whether he’ll use Obama’s template. House leaders, meanwhile, are leaning toward waiting on the Senate to act before they cast any tax cut votes. That leaves one big question unanswered: what happens if the Senate does nothing?
