Since President Obama called for ending the Bush tax rates for income over $250,000, Republicans have delighted in pointing to the cracks within his own party.There has been, for instance, a long-standing difference between the president and some prominent congressional Democrats – including House Minority Leader Nancy Pelosi and Chuck Schumer, the Democrats’ point man on messaging in the Senate — who haveargued for setting the line at $1,000,000. That’s a significant difference; exempting all income under $1,000,000 would net more than 40 percent less in revenue than Obama’s plan.
To continue reading the article click here.