From Reuters:
A bipartisan deal to vote on dueling tax packages fell apart late on Thursday and the Democratic Senate leader will instead set votes on his party’s plans to extend only some Bush-era tax cuts, an aide said…
The MSM report, naturally, goes on to blame Republicans for the impasse. But over at NRO’s The Corner there’s Sen. Harkin (D-IA) asserting that if Obama caves on taxes for those making over $250,000, he’ll be in trouble in 2012. In other words, Democrats might be in an internal impasse – not wanting to be responsible for a big tax hike, but also not willing to challenge their own left wing base on the issue.
We’ll see how this plays out.
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