Top Democrat Signals Deal on Bush-Era Tax Cuts

By Richard Cowan and Kim Dixon WASHINGTON (Reuters) - The top Democrat in the Senate said on Tuesday he was willing to consider a temporary tax cut extension for all income levels, a step that could pave the way for a possible deal with Republicans on Bush-era tax cuts. "This is something we will take a look at," Senate Majority Leader Harry Reid told reporters, referring to a plan to extend all the cuts for two or three years. Many leading Democrats like Reid previously opposed continuing tax cuts for the wealthiest, while they want a permanent extension of existing tax cuts for those individuals making $200,000 or less annually. Reid and his fellow Democrats will hold a second day of closed meetings on Wednesday to talk about upcoming legislation. While agreeing to look at extending all current tax cuts, Reid said he personally opposed the idea. "For people to say that these upper-income tax cuts affect most small business is simply not true. My...