Neugebauer: Action On Taxes Could Happen This Week

“Well, there’s been a lot of posturing going on.”

That’s the reaction of Congressman Randy Neugebauer on Lubbock’s First News on KFYO, talking about the negotiating on Capitol Hill regarding extension of the Bush tax cuts.

“Over in the Senate, they’ve been working over the weekend trying to come up with some kind of compromise, ” Neugebauer said.  “But the Republicans over there are holding firm that this is not a time to raise taxes on anybody, so they’ve been holding out for a full extension of the 2001 and  2003 tax cuts that were given to the American people, and I believe later on this week, that is actually going to happen.”

But Neugebauer said details such as the length of the extension and the future of the death tax are uncertain.