Report1212 (357 posts)
Senator Tom Harkin: No Deal Is Better Than The Deal Being Negotiated
Video at the link. GO HARKIN!
There are reports that the White House is preparing to offer a deal that would only end the Bush tax cuts on incomes above $400,000 and while enacting a watered-down estate tax. These measures offer a major tax cut to the rich over what is currently set to take place in 2013
Senator Tom Harkin (D-IA) took to the floor just now and denounced this sort of deal:
HARKIN: Mr. President, I was disturbed to read in The Washington Post this morning that some kind of agreements are being made here. Somehow that democrats have agreed to raise the level of, from $250,000 to $450,000, and that somehow thereís been an agreement reached that we would keep the estate taxes at the $5 million level, at 35%. Mr. President, this is one Democrat that doesnít agree with that at all.
Again, if weíre going to have some kind of a deal, the deal must be one that really does favor the middle class, the real middle class, those that are making $50,000, $60,000, $70,000 a year. thatís the real middle class in america. As I see this thing developing, quite frankly, as Iíve said before, no deal is better than a bad deal. and this looks like a very bad deal the way this is shaping up.
Read more, watch it: http://boldprogressives.org/senator-...ng-negotiatied