WASHINGTON — Democrats in Congress are poised to play a leading role this month in thwarting their party's effort to raise income tax rates on the wealthy.
Tax cuts enacted in 2001 and 2003 expire at the end of this year. President Barack Obama and Democratic congressional leaders have been eager to extend the breaks for individuals who earn less than $200,000 annually and joint filers who make less than $250,000. Those who earn more would pay higher, pre-2001 rates starting next year.
Now several Democratic congressman like Sen. Evan Bayh of Ind. and Gerald Connolly of Va. both are considering joining forces with the GOP on this. Don't let it happen. Hold them accountable. And, if they do vote republican don't reelect them. We need families making more than $250,000 per year to help their less fortunate neighbors and pay a bit more in taxes so that we can get the economy back on track.