A Fight on Taxes
A tax deal reached by the White House and congressional Republicans ran into resistance in the House on Thursday. House Speaker Nancy Pelosi was urged to allow members vote on an amendment that would let tax cuts for couples earning more than $250,000 expire while extending cuts for 98 percent of Americans. The proposal -- first offered by Sen. Bernie Sanders in the Senate on Wednesday --also would set a higher estate tax and provide Social Security recipients with a $250 payment to make up for the second straight year without a cost-of-living adjustment. "The folks in the House are putting up a fight," Sanders told NPR's "Talk of the Nation."
"What they are saying loudly and what I believe is that clearly it is absurd to give tax breaks to millionaires at the same time we have record deficits and a $13.7 trillion national debt at the same time we are ignoring serious problems, like a crumbling infrastructure, an education system that needs a lot of support and the fact that we have the highest rate of childhood poverty as any major country on earth," Sanders said.
"I support what they're doing."
