September 17, 2014

Debate on tax-cut extension sure to extend a little longer (AUDIO)

Neither Nebraska United States senator prefers the Bush-era tax cut extension bill that has squeezed past the Senate, but one says it is needed to keep the conversation going.

President Obama’s proposal to extend tax cuts to those earning less than $250,000 a year moves to the House on a 51-48 vote.

Sen. Mike Johanns voted against the measure.

“The government is just simply trying to take too much from those who are out there every day, trying to create the jobs,” Johanns told Nebraska reporters during a conference call.

Johanns, a Republican, said he would prefer Congress extend all the Bush-era tax cuts until it can approve reform of the federal tax code. Johanns said the changes if the tax cuts expire would have a real impact on people. He said the estate tax would jump dramatically, which could have a big impact on farm families throughout Nebraska.

Sen. Ben Nelson agreed that the tax cut extension could help an economy struggling to get back on its feet. Yet, Nelson voted in favor, because he has become frustrated with the lack of movement on the issue.

“It’s mind-boggling to see the inaction and the irresponsibility that Congress is exercising,” Nelson told reporters.

The House is certain to reject the bill.

AUDIO: Brent Martin reports [:40]