House Democrats Haven't Agreed to Tax-Cut Deal
House Democrats have not agreed to President Obama's deal on the Bush tax cuts, according to their lead negotiator.
Maryland Congressman Chris Van Hollen, who will serve as the top Democrat on the House Budget Committee next year, said the caucus will meet today to discuss the deal but that serious reservations remain.
"House Democrats have not signed off on this deal. We'll be meeting with our caucus later today to discuss it. I have some serious reservations about parts of this deal. I understand the importance of getting to an understanding, but there are certain elements that I think are gong to cause great concern to members of our caucus," Van Hollen said this morning on Bloomberg Television.
Obama reportedly took the proposed deal to congressional Democrats yesterday afternoon before announcing it on national television; Democrats in the room voiced objections to it, according to news accounts.
See Van Hollen's remarks below: