Dems Starting to Break Ranks with Obama?
By: Published reports suggest that, perhaps, not all Democrats are as staunchly behind President Obama as he would have you believe.
At least, not when it comes to the issue of raising taxes on the wealthy by eliminating the Bush-era tax cuts.
Although Barack Obama remains adamantly opposed to any extension of the current tax rates for families who make more than $250,000 annually - according to the website Politico, Democrats on Capitol Hill are starting to break ranks with the President on this volatile issue.
Senate Majority Whip Dick Durbin (D-IL), Sen. Claire McCaskill (D-MO) and Sen. Bill Nelson (D-FL) are all cited by Politico as Democrats making it known inside the chamber that they can be persuaded otherwise.
That is, that they would vote to extend the Bush-era tax cuts to everyone in exchange for concessions from the GOP such as eliminating some deductions.
And on the Kudlow Report, although he said that he had not seen a specific plan circulating Congress, Democratic Senator Michael Bennett suggested that if such a plan did cross his desk – he too would take a hard look.
“It’s important for markets to know we’re not kicking the plan down the road,” he said.
And he also said that lawmakers are aware of how pressing the Fiscal Cliff issue has become. “There are a number of us who have been working on this – and we’ll continue to work during the recess in a non-partisan way.”
In the event that a compromise crossed the desk of Sen. Kelly Ayotte (R-NH), she too said on the Kudlow Report, she’d also take a look. “Absolutely, I’m willing to compromise.”
Larry Kudlow believes that compromise may become a hot campaign issue – perhaps a deciding factor for many elected officials.
“I’m now seeming political ads say that candidate will work with the other side of the aisle to find a compromise.”
“We’re one budget away from the next century being an American century,” added Ayotte.
Tune in:
"The Kudlow Report" airs weeknights at 7 p.m. ET.
