Moderate Democrats in the House have joined House Republicans, Senate Republicans, and moderate Democratic senators in calling for a full extension of the Bush tax cuts (or Obama tax cuts, if you must):
"While those in the highest income brackets comprise only 2% to 3% of American taxpayers, economists estimate that they are responsible for 25% of nationalconsumer spending," states a draft of the letter obtained by Washington Wire.
"As 70% of our economy is driven by consumer spending, this is not the time to
jeopardize further growth," they lawmakers write.
Read the full story at WSJ.