With the shift in power within the House, Republicans now hold the congressional power. With many Republicans wishing to re-establish and extend the "Bush tax-cuts" and keep them extended for another two years. Many Democrats are against the new extensions and want to see the Bush tax cuts ended.
Although many Democrats continue to show a resentment against Obama, this being his own party because he said he would be willing to negotiate with the Republicans and find an alternative to the cuts they would like to implement. Obama recently stated,"Here's what I'm confident about: that nobody - Democrat or Republican - wants to see people's paychecks smaller on January 1 because Congress didn't act." This statement shows that Obama is in definite favor for the cuts and knows that this holiday season will be a crucial time for Americans to have some spending money.
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