Van Hollen: Congress likely to extend Bush-era tax cuts before election

The Hill reports:

Congress will likely extend President George W. Bush’s middle-class tax cuts before the November election.

Rep. Chris Van Hollen (D-Md.), who runs the House Democrats' campaign arm and also serves as an assistant to Speaker Nancy Pelosi (D-Calif.), told The Hill in an interview he expected several middle-class tax cuts to be extended before the midterm election.

But it’s unclear whether Congress will allow tax cuts on the wealthy to expire.

House leaders have long said they want to extend a tax break that benefits married couples and increase the child tax credit. They also have said they want to extend tax cuts for individuals earning less than $200,000 and for couples earning less than $250,000.