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Senate's GOP Leader Says Tax Cuts Will Be Extended for Everyone

WASHINGTON (AP) — The Senate Republican leader says it's become clear now that taxes will not be raised for anyone during the current economic downturn.

Sen. Mitch McConnell's assessment comes a day after Senate Republicans voted down Democratic efforts to limit any extension of the Bush-era tax cuts for the top-earning Americans.

President Barack Obama then signaled a willingness to give in to Republican demands that the tax cuts that expire at the end of the year be extended at all levels.

McConnell, R-Ky., tells NBC's "Meet the Press" that the question on tax cuts is how long they might be extended.

On the issue of aid to jobless Americans, McConnell says he believes that unemployment compensation will be extended again.

Visit msnbc.com for breaking news, world news, and news about the economy

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