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Republicans and Democrats in Congress may be able to agree on a deal that would temporarily extend the Bush-era tax cuts, set to expire at the end of the year, in exchange for a renewal of unemployment benefits for 2 million Americans who are about to lose them.Democrats like House Speaker Nancy Pelosi favor extending these benefits to those without jobs, while Republicans wish to extend all Bush-era tax cuts, including those for the nation’s wealthiest sectors.“What we’re going to do is sit down and talk with Mrs. Pelosi,” Representative Pete Sessions, a leading Republican, explained to Reuters. “I see nothing wrong with her winning as long as the American people do.”For the 800,000 Americans set to lose their unemployment benefits on November 30, and the total of 2 million whose benefits will expire on December 31, the success of this Congressional agreement will make all the difference.
