Dems Divide and Conquer Strategy Doomed Today

From Bloomberg - House Democrats are pressing ahead with a vote on extending 2001 and 2003 tax cuts for middle- income taxpayers over the objections of Republicans who say that passage would harm the economy by causing an implicit tax increase for those with higher incomes. House Majority Leader Steny Hoyer said his chamber would vote today on a bill that would continue the tax cuts on the first $200,000 of an individual’s annual income and the first $250,000 for a married couple filing joint returns, even as some Democrats signaled that they might vote with Republicans. Unless Congress acts to extend the cuts, taxes will increase across the board on Jan. 1. “It is a shame that what we have agreement on is being held hostage by that on which we do not have agreement,” said Hoyer, a Maryland Democrat. Read full story here:

Dems Divide and Conquer Strategy Doomed Today