1. Tax Cuts
The number of Democratic officials uncomfortable with President Obama’s signature issue—taxing the rich—is growing. Sens. Charles Schumer and Bob Casey and even House leader Nancy Pelosi say the president’s view of who is ‘rich’ is woefully mischaracterized and want the cut off for tax hikes to start at $1 million, instead of Obama’s $250,000.
Democrats begin scurrying for the high grass when Obama began his attacks on Romney’s record at Bain Capital. Newark Mayor Corey Booker even called the attacks “nauseating” and “crap” before walking back the remarks under White House pressure. Former Democratic Rep. Harold Ford reminded the president that “private equity is not a bad thing.”
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