The Democrat party members had a tremendous argument with the President Obama over the extent of tax relief the US administration may offer to the US citizens. First of all, the question on which the debate took place is whether all the taxpayers be given tax relief or it will be limited for the middle class tax payers only?
At a meeting held at the White House, the Democrats stick to their long term demand of extending the tax breaks for the families who earn less that $250,000 a year, while they want to raise the tax rates for the wealthier Americans. This will create a fiscal stability as far as collection of taxes is concerned. The House speaker suggested that the bill be placed at the
