On Fox News Sunday today, Sen. Claire McCaskill (D-MO) called for tax increases on higher income brackets, including small businesses and millionaires, millionaires, millionaires, millionaires. (See post below.) Also on the program was Sen. Lindsey Graham (R-SC) who offered a different point of view about extending the current tax rates beyond their Dec. 31 expiration. From the transcript:
GRAHAM: I’m not going to vote to increase taxes on anybody in America, millionaires included. We’re in a very weak economy. If you want to make it weaker, raise taxes on anybody is a bad idea.
There will be bipartisan support in the lame duck to extend all the tax cuts for two or three years, and I think that vote will be had before the end of the year.
And if the president doesn’t support that, I think he’s running a risk of making the economy weaker at a time where he could help make it stronger through bipartisan support by Democrats and Republicans to extend all the tax cuts. And stop playing class warfare. Let’s get the economy going.
Concise and correct, Senator. Thank you.
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