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Democrats face tough tax politics Feb 12, 2010

Articles written by admin

The situation could be particularly treacherous in the Senate.
President Barack Obama doubled-down this year on his campaign pledge to roll back the Bush-era tax cuts for the richest Americans while keeping them in place for the middle class.
Raising taxes is always tough to do. But Democrats this year would be doing so within a particularly brutal political environment — during a midterm election season, in a still-limping economy, amid a ballooning federal budget deficit.

And a newly emboldened Republican Party would just love to pounce on the issue, too.

The situation promises to cause plenty of heartburn, especially for vulnerable incumbents campaigning in Republican-leaning districts, over letting any of the Bush tax cuts expire in December as scheduled, even on individuals making more than $200,000 and families making more than $250,000, as Obama has proposed.

The situation could be particularly treacherous in the Senate, where Democrats no longer enjoy a filibuster-proof majority.
Tags: [Obama, politics, loans]

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