Bingaman for Tax Increases

Jeff Bingaman with John Kerry and Harry Reid

From NMPolitics.net - U.S. Sen. Jeff Bingaman announced Monday that he opposes President Barack Obama’s tax compromise with Republicans, while Sen. Tom Udall says he hasn’t decided whether to support the legislation. Bingaman’s announcement came as he voted with 14 others against a procedural move that advanced the legislation to a final Senate vote.

Tom Udall

Udall voted with the vast majority of senators in favor of the procedural move, but said that shouldn’t be interpreted as support for the legislation. Bingaman, a New Mexico Democrat, said the bill “does have some useful provisions to stimulate the economy, and I do strongly support extending tax cuts to New Mexicans who need it most.” “But this bill goes further than that,” he said. “It extends tax cuts to the highest earners and adds a substantial estate tax cut that will make it very difficult for the next Congress to act in a responsible way to (address) our serious deficit situation.” Read rest of story here:

Bingaman for Tax Increases