Senate Republicans Threaten Tax Dispute Blockade
By DAVID M. HERSZENHORN
NYT
WASHINGTON — Not even 24 hours after President Obama met with senior Republican Congressional leaders and expressed hopes for a “new dialogue,” renewed partisan fury engulfed the Senate on Wednesday, as Republicans threatened to block any legislation until a deal is reached to extend the expiring Bush-era tax cuts, potentially derailing the Democrats’ busy end-of-year agenda.
The blunt threat was made in a letter to the majority leader, Harry Reid of Nevada, and signed by all 42 Senate Republicans. And it was reiterated by the Republican leader, Mitch McConnell of Kentucky, in a speech in which he accused Democratic leaders and Mr. Obama of ignoring the midterm election results.
The move put Democrats in a vise and sharply heightened tensions on Capitol Hill, where administration officials and senior lawmakers from both the House and Senate opened the first round of talks in hopes of reaching an accord on the expiring tax cuts. Officials reported no progress in those talks, and the Senate Republicans’ threat suggested they had little appetite for compromise.
If Congress does not act by the end of the year, the lower rates expire for everyone, an outcome neither side wants.
(More here.)
NYT
WASHINGTON — Not even 24 hours after President Obama met with senior Republican Congressional leaders and expressed hopes for a “new dialogue,” renewed partisan fury engulfed the Senate on Wednesday, as Republicans threatened to block any legislation until a deal is reached to extend the expiring Bush-era tax cuts, potentially derailing the Democrats’ busy end-of-year agenda.
The blunt threat was made in a letter to the majority leader, Harry Reid of Nevada, and signed by all 42 Senate Republicans. And it was reiterated by the Republican leader, Mitch McConnell of Kentucky, in a speech in which he accused Democratic leaders and Mr. Obama of ignoring the midterm election results.
The move put Democrats in a vise and sharply heightened tensions on Capitol Hill, where administration officials and senior lawmakers from both the House and Senate opened the first round of talks in hopes of reaching an accord on the expiring tax cuts. Officials reported no progress in those talks, and the Senate Republicans’ threat suggested they had little appetite for compromise.
If Congress does not act by the end of the year, the lower rates expire for everyone, an outcome neither side wants.
(More here.)
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