Are Both Parties Fracturing on Bush Tax Cuts?
A handful of Senate Democrats (plus Joe Lieberman) have said they would prefer to extend the Bush tax cuts for all families, bucking the White House's call for taxes to rise on the top few percentiles. But the Obama administration got a surprise assist today, when House Minority Leader John Boehner said he won't hold Americans "hostage" by voting against a bill that only extends rates for the bottom 98%:
"If the only option I have is to vote for some of those tax reductions, I'll vote for them," Mr. Boehner said, in response to questioning by the television show's host, Bob Schieffer, who pointedly asked if Republicans were willing to hold the tax breaks for most Americans "hostage" to insist on continuing the lower rates for the highest earners.
Read the full story at New York Times.