Lieberman to Oppose Obama Tax Plan

0 Posted by - July 12, 2012 - Career & Business, Economics, Money

110502 lieberman evidence ap 328 300x162 Lieberman to Oppose Obama Tax PlanCount Sen. Joe Lieberman as a “no” on President Barack Obama’s tax plan.

The Connecticut independent has just decided he will vote against the plan, saying it’s “not what we need now,” especially since it stands virtually no chance of becoming law before November.

“It’s not that I don’t think we ought to raise taxes on people that make more money,” Lieberman told POLITICO. “To me, we ought to be focused on achieving a bipartisan, long-term debt elimination agreement. And that tax reform and tax increases would be part of it. I don’t want to pick it off piece by piece.”

While the moderate Lieberman’s opposition is by no means a surprise, it could complicate Senate Majority Leader Harry Reid’s efforts to ensure there are 51 votes for the president’s plan. Anything short of a simple majority of Senate support would be seen as a blow to Obama in the heat of his reelection bid.

CONTINUED at Politico.

No comments