A certain wave of realism is sweeping through the House Republican ranks: It might be hard to resist a tax rate hike on millionaires.
It’s not that they’re about to fully embrace President Barack Obama’s tax hikes, but many Republican lawmakers privately concede that the 2012 election left them with far short of a mandate on taxes, and if urged by Democrats to raise rates on what they dub the mega-wealthy, they will have a tough time resisting.
Full article: http://www.politico.com/news/stories/1112/83889.html?hp=l2
15 Nov 2012 - 18:12 - Bank Speaker - Source: Politico
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: