House Minority Leader John Boehner, said on CBS’ “Face the Nation” on Sunday that despite his strong desire to extend all pending tax cuts he would vote for the administration’s proposal to limit those extensions to individuals making less than 200-thousand dollars and married couples making less than 250-thousand - if given no other option. Meanwhile, Senator Joseph Lieberman says - the uncertainty in the economic recovery means nobody’s taxes should be increased, including people in the top two brackets.
Lieberman says - these are the people we need to be using their income to spend and invest to spur growth and job creation. He explained further, - I want the top income earners in our country to have the confidence and the money to spend and invest over the next year, rather than worrying about paying more in taxes to the federal government.
Fiscally moderate Democrats as well as those from high-income districts and states are particularly wary of allowing the scheduled tax increases to take effect, and that dynamic is particularly evident this week in the House.