Workers: Prepare for Larger Tax Withholding Amounts

"Dick" Durbin

The U.S. Senate won’t pass an extension of the Bush-era tax cuts before the Nov. 2 elections, second-ranking Democrat Dick Durbin said today. “The reality is we’re not going to pass” the tax cuts before the election,” said Durbin of Illinois. He blamed politics, saying “we are so tightly wound up in this campaign” that a bipartisan agreement to act won’t be reached. Senate Budget Committee Chairman Kent Conrad, a North Dakota Democrat, said “it’s clear there aren’t 60 votes for any proposal, so no proposal is going to pass at this point.” Sixty votes would be needed for a tax-cut extension to advance in the Senate. Durbin and Conrad made their comments to reporters as they emerged from a closed-door meeting of Senate Democrats on the issue. Read more here:

Workers: Prepare for Larger Tax Withholding Amounts