Yarmuth says compromise on taxes possible amid coming gridlock
11/08/2010 07:20 PM
Congress will return to Washington for a lame-duck session later this month and may temporarily extend the George W. Bush-era tax cuts, which Democratic U.S. Rep. John Yarmuth said wouldn’t be ideal.
Yarmuth, of Louisville, said he’d rather see the tax cuts extended for those who earn less than $1 million a year. But he said if keeping all of the tax cuts in place for two years to revisit it later is the best compromise Republicans and Democrats can reach, he’d be “fine with” it.
Yarmuth also said both parties will have to be careful in the lame-duck session not to push too hard for their own agenda. Democrats, for instance, still have control of both chambers. But Republicans are newly emboldened after their electoral victories last week.
“Republicans being too stubborn on things like the tax cuts might not put them in a good light,” Yarmuth said.
Yarmuth did give his voice of support for one Republican — fellow Kentuckian Hal Rogers of Somerset, who was re-elected to a 16th term and is vying to head up the House Appropriations Committee.
“It would be great for Kentucky,” Yarmuth said. “I would love to see it.”
- Ryan Alessi
Below the Fold
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