Top Democrat: We Can't Stop Obama's Tax Compromise

More

Minutes after House Democrats rejected the president's tax compromise, leading Democratic Rep. Barney Frank told Mother Jones reporter Suzy Khimm he thought the deal was going to pass, anyway:

"I still think it's going to go through--why do you think it isn't?" Frank said in a Thursday interview outside the caucus meeting. "I always knew a majority of Democrats would be against it. I still think they have the votes for it, yeah." He added that House Democrats simply lacked the ability to have a major impact on the legislation: "I think the notion that the caucus control legislation is not a good one."

Frank emphasized that he still opposed the tax-cut bargain but nevertheless thought a vote should be held on the tax package as it currently stands. Speaker Nancy Pelosi will have to decide herself whether to bring the legislation to a vote on the House floor--a decision that many House Dems at the caucus meeting suggested was up in the air. But Frank was convinced that Pelosi would bring the president's tax deal forward: "I think she will have to, yeah."

Read the full story at Mother Jones.

Jump to comments

Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for TheAtlantic.com. More

Thompson has written for Slate, BusinessWeek, and the Daily Beast. He has also appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC.

Get Today's Top Stories in Your Inbox (preview)

Video

More Video
Here's What Happens When You Light a Fire in Space


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Miami: The Next Big Start-Up City?

How the city became a center for innovation

Video

Video

A Brief History of Romantic Comedies

From The Atlantic's Chris Orr

Video

Life in 'the New Arctic'

A moving portrait of a fading landscape

Video

Video

The Rise of New York City

A fascinating look at Manhattan in the 1940s

Video

What Is Methane Hydrate?

"Flaming ice" is a vast natural energy source

Video

NASA's Time-Lapse of the Sun

Now with epic dubstep music

Video

Shaken Not Tuned: Cocktail Experiments

Can a tuning fork improve a cocktail?

Video

Video

Is He Cheating? A 1950s Guide

'That little blonde secretary from the office?’

Video

New Yorkers: Vintage Vacuum-Tube Amps

Risking electric shock to restore old amplifiers

Video

The DIY Piano-Bicycle

Everybody needs a hobby

Video

What Does It Take to Make Real Craft Gin?

Tour the Green Hat Gin distillery

Video

What Straights Can Learn From Same-Sex Couples

New insight from decades of research

Video

The End of the Mall Rat

A tribute to that pillar of teen culture

Video

The Wonderful World of Capitalism

An adorable 1950s cartoon

Video

New Yorkers: Miss New York USA

An unconventional beauty queen.

Writers

Up
Down

More in Politics

In Focus

Early Monsoon Rains Flood Northern India

Just In