Embattled Democrats Fight President On What Income Should Be Subject To Tax Cut Repeal

Posted by | July 10, 2012 11:11 | Filed under: Top Stories

Some Democrats say the repeal of the Bush tax cuts should start at the million dollar mark.

Democratic Florida Sen. Bill Nelson’s “favored” position is to permanently extend the Bush-era tax cuts for those making less than $1 million, according to his office. Democrat Heidi Heitkamp, the North Dakota Senate candidate, also wants to extend the tax cuts for those making less than $1 million. Former Nebraska Sen. Bob Kerrey, who’s running again in his home state, “believes the $250,000 limit is too low but is evaluating how specific proposals would affect the budget,” his campaign spokesman said.

Sen. Claire McCaskill (D-Mo.) said Monday she is “open” to extending all the tax cuts for those who earn up to $1 million if it’s part of a comprehensive deal to rein in the deficit. Rep. Shelley Berkley (D-Nev.) supports extending tax relief for those families earning up to $1 million, though she said she’s also “open” to all middle-class tax relief and backs the president’s latest call.

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Copyright 2012 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

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