Senate Democrats have abandoned plans to vote on extending middle class tax cuts until after the November elections.

Yet, House Speaker Nancy Pelosi said Friday she's not ruling out a vote before lawmakers go home to campaign in coming weeks.

The sweeping tax cuts were enacted in 2001 and 2003 by the Bush administration and are due to expire in January.

Republicans want to extend all the tax cuts, while President Barack Obama and Democratic leaders in Congress want to extend them for individuals making less than $200,000 and married couples making less than $250,000.

CBN News spoke with Regent University professor Charles Dunn about the tax cut debate. Click play for his comments on how this could impact midterm elections, as well as what other issues are important to voters this November.