The Bush tax cuts expire at the end of 2010, and therefore taxes during the 2011 year will drastically increase across the board. The Democrats want to extend the cuts, but only for families above $250,000. The Republicans want ALL taxes increased, even for the wealthiest Americans.
However, the unemployment extension takes precedent - or at least it should. Consider this: couldn't Congress pass the extension, and then fund them using Bush Tax cut expirations for wealthy Americans? Of course, this is all too logical and that leads one to believe that it won't be part of a bipartisan compromise.
In the midst of the holiday season, millions of Americans are losing their unemployment benefits. This is not a good thing. Will the unemployment extension 2010 be situated by the end of the year? What about the Bush Tax Cuts?