Members of Congress said Sunday they are on track for a deal that would include a temporary extension of the George W. Bush-era tax cuts for all Americans. An extension of unemployment insurance — a demand of President Obama and many Democrats — would also be part of a potential agreement, lawmakers from both parties said on various talk shows.
"Most folks believe that the recipe would include at least an extension of unemployment benefits ... and an extension of all of the tax rates for all Americans for some period of time," said Sen. Jon Kyl, R-Ariz., who is involved in negotiations with the White House.
Senate Majority Whip Dick Durbin, D-Ill., who appeared with Kyl on CBS' Face the Nation, said, "We're moving in that direction," though he opposes extending tax cuts for the wealthy because it would add $700 billion to the federal budget deficit over 10 years.
Obama, meanwhile, said this weekend that he would be "rolling up my sleeves" to work with both parties on an agreement. "It will require some compromise, but I'm confident that we can get it done," he said.
http://www.usatoday.com/news/washington/2010-12-06-deal06_ST_N.htm