Tax Plan In Limbo After Democrats' Revolt

by David Welna, NPR

The House Democratic caucus has rejected the deal President Obama made with Senate Republicans to extend all the Bush-era tax cuts. That leaves the measure in limbo, along with all the things attached to it, such as the estate tax, an extension of unemployment benefits and a reduction in Social Security payroll taxes. So far, it's unclear what changes would satisfy House Democrats. If the lame-duck Congress doesn't act by Jan. 1, everyone's taxes go up.

Broadcast Dates

• All Things Considered, December 9, 2010