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Headlined to H3 7/20/12

Democrats Gain the Upper Hand in Tax Fight

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Senator Patty Murray of Washington, a member of the Democratic leadership, said Monday that her party was prepared to let all the Bush-era tax cuts expire on Jan. 1 if Republicans refuse to raise taxes on the wealthy. The same holds true, she said, for the $1.2 trillion in automatic spending cuts that begin at the same time, which Republicans demanded in the debt crisis but now oppose after realizing that the cuts affect more than social welfare programs.

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The Republican position on automatic spending cuts. by John Sanchez Jr. on Saturday, Jul 21, 2012 at 8:16:06 AM