President Barack Obama’s plan to avert the so-called fiscal cliff hinges on increasing marginal tax rates on those earning over $250,000 a year—a group that includes those “millionaires and billionaires” but also includes several hundred thousand small-business owners who file their taxes as individuals. Obama supports raising that rate to 39.6 percent in order to bring in needed revenues. Democrats frequently say these top earners need to “pay their fair share.”
Republican senator Mitch McConnell, the Senate minority leader, is accusing Democrat Harry Reid, the majority leader, of wanting to "break the rules to change the rules." This is part a "systematic effort to marginalize the minority," according to McConnell.
Former Nebraska senator and governor Bob Kerrey, the Democrat who is running for his old Senate seat to replace retiring Democrat Ben Nelson, said he would vote for Nevada's Harry Reid for majority leader if he is elected. Appearing on KFAB radio in Omaha Tuesday morning, Kerrey was asked if he would support Reid for majority leader.
"Well, yes," Kerrey said. "I'll organize with the Democrats."
Richmond, Va. Speaking to reporters following his second televised debate against Republican George Allen Monday night, Democratic Senate candidate Tim Kaine of Virginia was asked if he would vote for Harry Reid, currently the majority leader, for the Democrats' top position in the U.S. Senate. Kaine refused to answer the question.
Democrat Tammy Baldwin is running for the Senate in Wisconsin, but a TV ad criticizing her opens with a smiling House Minority Leader Nancy Pelosi on the screen. Democrat Joe Donnelly is his party’s Senate candidate in Indiana. An ad targeting him quotes Donnelly as saying “he’s not worried about Nancy Pelosi’s politics being tied to his campaign.” But he should be. “You can run for the Senate, but you can’t run from your record,” the ad says. In this case, it’s his record of having voted twice for Pelosi as House speaker.
When you take your campaign cues from Harry Reid, then you surely are running short on inspiration. But that is where Elizabeth Warren, who laid the intellectual foundation for the Occupy movement, finds herself. She is now calling for her opponent in the Senate race for what was once thought of in Massachusetts as "the Kennedy seat" to release his tax records. The thing is ...
On the Senate floor right now, just before Congress breaks away for summer recess, Minority Leader Mitch McConnell is imploring Majority Leader Harry Reid to allow the full Senate to vote on Obamacare. This is the fourth time McConnell has asked Reid for a vote since the Supreme Court decide to uphold Obamacare earlier this summer, but Reid is once again expected to prevent the top Republican in the Senate from holding a vote.