Sat, 22 Dec 2012, 10:55am PST
"The problem, though, is that Republicans are adamantly opposed to a bill raising taxes on families making over $250,000, claiming it would hurt the economy"
They really should call it taxes on marginal income above 250,000. Because if Obama gets his way, a family with an household income of 260,000 would get the tax cuts on the 250K and only pay the extra 3% on the 10K that's over 250K.
In other words its a massive savings to them compared to letting the Bush tax cuts totally expire.