Tuesday, January 31, 2012

Mitch McConnell Caving on Tax to Make Millionaires Pay Their Fair Share?

Senate Minority Leader Mitch McConnell hinted this weekend that he, at least, isn't willing to go back to war with Democrats over how to pay for the payroll tax cut extension bill. That issue has been nearly as problematic for Congress to work out as the House Republicans' insistence on making dumb political points with totally unrelated riders. Keystone XL pipeline, anyone?
Democrats have pushed a surtax on millionaires to pay for the extension, while Republicans have wanted to slash spending elsewhere. The Senate Republicans tried to just to get on with the negotiations and keep the House from making all Republicans look bad by refusing to allow tax breaks for the middle class.Now there is just a hint of softening in that position. On CNN's State of the Union this weekend, host Candy Crowley asked McConnell whether it would be possible to pay, at least partially, for the tax holiday extension with tax increases on the wealthy. He didn't rule it out, but instead tried to change the subject to the deficit.    Read more

By Joan McCarter | Daily Kos

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