President Barack Obama has obviously alienated conservatives, and now he’s upsetting liberals too. They’re angry that he appears willing to give in to Republican demands that the Bush-era tax cuts be extended for everyone, The Hill reports
Many Democrats want the cuts to continue only for those with annual income of less than $200,000. But the White House is likely to sign on to a temporary extension of the tax reductions for everyone.
The Democratic-controlled House approved a bill with the $200,000 limit Thursday, but the Senate won’t follow suit.
"At a moment when they could have celebrated victory, this White House incredibly chose to wave the white flag — signaling to Republicans that they will take any deal, no matter how bad, including borrowing billions to extend tax cuts for the richest Americans," says Adam Green, co-founder of the Progressive Change Campaign Committee. "This is a direct betrayal of a core Obama campaign promise, and the essence of political malpractice and negotiating incompetence."
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