Tax Cut Extentions Now Await Final Senate Approval

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WASHINGTON (GaeaTimes.com) — With a clear count of 83-15 the debates to the highly contested and controversial tax plans were put to an end.

The bills now await a final approval from the Senate. This had been the key procedural hurdle and now that it has been cleared, we can expect the tax bills being sanctioned anytime now. Reportedly, the plan would also extend unemployment benefits for 13 months, cut the payroll tax by 2 percentage points for a year and continue a series of other tax breaks.

Obama who understood the fact that both parties had to face negotiations against their will on some or the other grounds stated,

I recognize that folks on both sides of the political spectrum are unhappy

Senate Minority Leader Mitch McConnell, R-Kentucky who highly supported the deal told,

If the House Democratic leadership decides to make partisan changes, they will ensure that every American taxpayer will see a job-killing tax hike on January 1st

House Democrats expressed their will to go for some changes.

Rep. Chris Van Hollen of Maryland, head of the Democratic Congressional Campaign Committee, stated,

What form the bill comes to the floor in is something that’s under discussion and debate

But for now, their is strong hope of the bills being approved by this week.