Kristol Open to Raising Rates on Wealthiest Americans

Weekly Standard Editor Bill Kristol said on Sunday that the Republican Party should stop defending "a bunch of millionaires" and let the Bush-era tax cuts expire for the wealthiest Americans.

"It won't kill the country if we raise taxes a little bit on millionaires," he said on Fox News Sunday. "It really won't, I don't think. I don't really understand why Republicans don't take Obama's offer to freeze taxes for everyone below $250,000."

He continued: "Really, the Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of whom live in Hollywood?"

Republicans in Congress have been opposed to raising tax rates on the wealthiest Americans, but said recently that are open to new revenues by closing loopholes.