U.S. Senator Mitch McConnell of Kentucky is pushing for the Bush era tax cuts to be extended for at least one more year.
The Senate Minority Leader recently appeared on CNN and said a tax-hike for anyone in the United States would only work to slow economic growth.
Senator McConnell says the extra year would give lawmakers another opportunity to develop meaningful tax reform. He's expecting the House to extend the Bush tax cuts as soon as this week.
Kentucky’s senior senator says President Barack Obama’s stand against keeping taxes where they are is further evidence he doesn’t know how to fix a failing economy.
Democrats say the Bush tax cuts are tilted heavily toward benefiting the very wealthy.