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Senator Johanns speaks out on Obama tax cuts
It looks like President Obama's tax deal will come up for a vote sometime next week. Wednesday, Democratic Senator Ben Nelson voiced his support for the legislation. Thursday night Republican Senator Mike Johanns makes his views known.
Senator Johanns said this is a proposal, but it will be a bill by the end of the day.
Senator Mike Johanns says he is optimistic about it.
He said there is a lot to like about this bill including the extension of the 01'–03' Bush tax cuts. But, he said the extension of unemployment benefits is only adding to an already overwhelming national deficit.
But, he said after a few tweaks, the proposal will help Nebraskans.
"Accountants, farmers, ranchers, and businesses need to know what their tax situation is going to be effective January one. If we don't fix this it will be a mess," said Johanns.
Others are saying this is a compromise and it will take some time before everything is worked out.
A caucus of Democrats in the house came out against the proposal Thursday.
A spokesman for President Obama said the White House is still confident that congress will pass a tax deal despite a vote by angry house democrats to reject the emerging package.
While some senators are speaking out saying that what they have heard so far is promising.
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